Industry News

Mexican steel prices face bearish outlook in March with more anticipated declines: survey

Views : 105
Update time : 2024-03-12 16:35:32
Pricing sentiment for the Mexican steel market in March took on a bearish outlook as all market participants are expecting price decreases with low inventory movement expectations, data from the monthly S&P Global Commodity Insights steel sentiment survey showed March 11.

The index for price steel price development dropped again from the 38.4 reported in the previous survey to 33.3 this month. An index of 50 indicates stability.

Among the 64 respondents, which included service centers, distributors, profile sellers, producers, scrap dealers, and consumers; service centers were the ones expecting a minor decrease of prices with an index for price stability of 36.6, while distributors were expecting the higher drops in prices with an index of 32.3.

Related News
Read More >>
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Apr .29.2025
Vale Q1 Revenues & Earnings Miss Estimates on Lower Iron Ore Prices
Brazil's steel imports may break Mar record in Apr Brazil's steel imports may break Mar record in Apr
Apr .29.2025
Brazil's steel imports may break Mar record in Apr
Nickel prices surge as LME inventories decline & US-China trade tensions ease Nickel prices surge as LME inventories decline & US-China trade tensions ease
Apr .29.2025
Nickel prices surge as LME inventories decline & US-China trade tensions ease
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics
Apr .29.2025
Hydro & Wilson collaborate on wind-powered shipping for greener aluminum logistics