In the last two weeks, the price of Mexican domestic cold rolled coil (CRC) increased US$14/mt to reach US$851/mt ex-mill.
According to sources, the optimism of local flat steel producers is finally starting to reflect in market prices. The automotive and auto parts industry in Mexico estimates growth this year of 5 percent compared to the negligible 1.7 percent growth in 2013.
Sources say this will strengthen the supply chain of local steel two suppliers. "This year is very important for companies in the sector since 100 percent of the steel used from the outside now has an additional component: the steel that will be used, some of it not imported, will be supplied by AHMSA (with its Fénix Project and Ternium’s plant in Pesquería),” said one source.