In the last two weeks, the price of Mexican domestic cold rolled coil (CRC) fell US$26/mt to reach US$782/mt ex-mill.
As with the global market, the price trend for Mexican CRC has been declining significantly. Globally, there is an imbalance between supply and demand, especially in markets where Chinese imports have increased, such as the Latin American region.
In the domestic Mexican flats market, demand from auto assemblers—which seemed like a long-term hope for producers—is competing with imports.