What is Mexican Steel Rebar Index?
The Platts Mexico Steel Rebar Index is an emerging benchmark that measures monthly percentage changes related to the price of domestically traded steel rebar. The index is derived from the monthly average of Platts weekly spot market price assessments, which are based on bids, offers, transactions and indications of value collected from market participants by the Platts price reporting team.
The index and assessments are used by steelmakers, distributors and consumers throughout the Mexican steel market as a basis for both long-term contracts and spot negotiations.