Prices for Mexican domestic cold rolled coil (CRC) fell a slight US$2/mt in the last two weeks, down to the level of US$829/mt ex-mill.
According to sources, a decrease in consumer spending in Mexico and declining demand for cars in certain export regions is expected to result in a drop in automotive production in Mexico. But while many view the automotive slowdown to extend through the rest of the third quarter of this year, the sector should prove more dynamic in the final quarter of 2013.
Part of the bump, according to sources, will be due to an increase in private consumption in the US, which will reflect in increased demand for Mexico's manufactured goods.