Prices for Mexican domestic flat products remain officially stable, but local producers are giving some discounts, distributors and executives from local service centers said Monday.
The discounts are not fixed, but rather depend on each individual negotiation, sources said.
"The discounts have been applied to compete with the imported material," one source said.
Others sources echoed expectations that flat products prices could fall further in the coming months on fears of imports gaining market share.
The Platts hot-rolled coil assessment in May is at Peso 10,100-10,200/mt ($653-$659/mt), CRC at Peso 11,600-11,700/mt and HDG at Peso 13,180-13,320/mt. Mexican steel prices are usually negotiated on a delivered basis for distances up to 200 km, excluding the mandatory IVA tax.
Source: Platts
- metaljunction »
- Metal News
Metal News & Events
METALJUNCTION PUBLICATIONS
Coal Insights (English) Monthly
Coal Insights is a ready reckoner for anyone associated with coal. This publication is aimed at tracking everything related to coal in India.
India Coal Market Watch(English) Monthly
ICMW is a one-stop source for all news, data and research pertaining to coal demand, consumption, stocks, spot- and long-term prices with respect to the Indian Market.
India Steel Market Watch (English) Monthly
ISMW is a brand new high-end steel market report, covering all aspects of the steel industry in India.
Steel Insights(English) Monthly
Steel Insights delves into various facets of the domestic and global steel industry such as market fundamentals, raw material price trends, price forecasts etc.