PUBLICATION
Steel Times International
Mexico Steel 2006 STI Release
September 02, 2006
The role of China has inevitably had some effect on regional steel markets, particularly in dictating competitor reaction and strategic planning. Prices in the NAFTA region (United States, Canada & Mexico) are much higher than the rest of the world and values in Europe are also above those in Asia. Until recently, the steel companies’ considerable profits had prevented protectionist action or dumping claims, since they were unable to argue they had suffered injury – the key criteria needed to prove dumping under World Trade Organization rules. Now, however, with mill profits falling and global capacity increasing, there are arguments and requests for clarity on ‘dumped’ or ‘subsidized’ imports.
RELATED INTERVIEWS MORE INTERVIEWS
Kosmos logistics is growing with Mexico’s rapidly developing manufacturing sector, particularly servicing the automotive industry.
Galvaprime explains the market for supplying metals to Mexico’s manufacturing sector.
Tenova HYL holds approximately 50% of the direct induced iron (DRI) reduction market, a technology which it has pioneered.
"The market in Mexico used to be only based on price, but now clients are also looking for quality and are able to pay a little more. Companies must have high efficiency and be prepared to produce products when the client needs them.”
RELATED ARTICLES MORE ARTICLES
A Vote of Confidence in Mexico
Mexico Steel and Iron 2018
Despite headwinds such as the NAFTA renegotiations, Mexico’s steel sector is seeing large investments by the likes of Ternium and ArcelorMittal, and is moving up the value chain, driven by a booming automotive sector.
Mexico’s Automotive Industry: Key Drivers Driven by Driving
Mexico Steel and Iron 2018
Mexican foundries are struggling to keep up with the demand from the country’s rapidly growing automotive industry.
RECENT PUBLICATIONS
Mexico Chemicals 2024
In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.
MORE PREVIOUSLY PUBLISHED
In August 2023, Mexican exports to the US surpassed China for the first time. As companies prioritize securing supply their chains after years of logistics challenges, Mexico has begun to see major benefits. With a spate of new infrastructure projects such as the Interoceanic Corridor of the Isthmus of Tehuantepec coming online in 2023, the country is actively opening itself to investment. The chemical industry, in particular, is positioned for nearshoring-driven growth.
MORE PREVIOUSLY PUBLISHED
MACIG
"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."
SUBSCRIBE TO OUR NEWSLETTER
SUBSCRIBE TO OUR
NEWSLETTER
- Get GBR content delivered to your inbox
- Receive industry based news
- Completely free, e-mail only
