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Supply woes drive Mexican steel prices to 13-year highs

Commodities | Energy | Electric Power | Nuclear | Energy Transition | Emissions | Renewables | Natural Gas | Natural Gas (European) | Oil | Crude Oil | Refined Products | Metals | Non-Ferrous | Steel Raw Materials

Market Movers Europe, Jan 17-21: Ukraine border tensions spike commodity price fears

Metals | Steel

Platts Steel Raw Materials Monthly

Metals

2022: What drives the Global Iron Ore Markets?

Energy | Natural Gas

US gas production drop, colder weather promises tighter supply, higher prices ahead

Energy | Energy Transition | Emissions | Carbon | Natural Gas | Natural Gas (North American) | Oil | Crude Oil | Refined Products | Metals | Steel Raw Materials

Commodity Tracker: 6 charts to watch this year

Listen: Supply woes drive Mexican steel prices to 13-year highs

A long-standing regional supply shortage, aggravated by COVID-19 impacts, has prompted steel prices in Mexico to jump to 13-year highs, while local demand is yet to recover.

Higher raw materials prices, coupled with a strong US dollar, were also drivers of a trend that is not expected to end in the short term.

Adriana Carvalho, S&P Global Platts managing editor for Latin American metals, and Claudia Cardenas, pricing specialist of Mexican metals pricing, examine the trends influencing the markets and present the latest updates on Platts methodology and specifications for Mexican flat steel pricing.