In the past two weeks, the Mexican domestic hot rolled coil (HRC) prices dropped by US$14/ton to reach US$731/ton ex. mill. Meanwhile, it is estimated that the Mexican automobile would develop rapidly for a long time because the production cost of automobile in Mexico is lower than that in China and Japan. It is said that in the first quarter of this year, the investment in Mexico by automobile corporations reached US$1.3 billion, making the highest record on the Mexican history.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66180&division=A2
