Mexican domestic rebar, HRC spread widens
The spread between Mexican domestic rebar and hot-rolled coil prices widened to Peso 3,500|mt ($150|mt) in early August, marking a three-month speedy pricing deterioration in the local steel market. The latest weekly Platts assessment for Mexican HRC fell 3.3% Aug. 5, to Peso 18,500|mt ($906|mt). Platts'' domestic rebar assessment dropped 0.4% to Peso 22,155|mt ($1,085|mt). Conversions follow SP Global foreign…
Mexican domestic rebar, HRC spread widens
The spread between Mexican domestic rebar and hot-rolled coil prices widened to Peso 3,500|mt ($150|mt) in early August, marking a three-month speedy pricing deterioration in the local steel market. The latest weekly Platts assessment for Mexican HRC fell 3.3% Aug. 5, to Peso 18,500|mt ($906|mt). Platts'' domestic rebar assessment dropped 0.4% to Peso 22,155|mt ($1,085|mt). Conversions follow SP Global foreign…