Industry News

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

Views : 129
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 >>
Taiwan's coated steel demand falls short of expectations after typhoon reconstruction Taiwan's coated steel demand falls short of expectations after typhoon reconstruction
Sep .19.2025
Taiwan's coated steel demand falls short of expectations after typhoon reconstruction
Global primary aluminum market has short supply of 119,900 tons in Jul Global primary aluminum market has short supply of 119,900 tons in Jul
Sep .19.2025
Global primary aluminum market has short supply of 119,900 tons in Jul
China's aluminum-related production statistics in Aug China's aluminum-related production statistics in Aug
Sep .19.2025
China's aluminum-related production statistics in Aug
Saudi Arabia accelerates major water transmission projects, raising pipe and long steel demand Saudi Arabia accelerates major water transmission projects, raising pipe and long steel demand
Sep .19.2025
Saudi Arabia accelerates major water transmission projects, raising pipe and long steel demand