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

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.