Steel Mills
July 7, 2015
Mexican Steelmakers Call for Relief From Unfair Imports
Written by Sandy Williams
Mexican steelmakers are feeling the pressure from unfairly traded steel. In a joint statement on last week, Altos Hornos de Mexico (AHMSA), De Acero, Tubacero and ArcelorMittal accused Russia, China and Turkey of dumping steel at prices below production costs. In a full page newspaper ad, the steel companies urged President Enrique Pena Nieto to impose temporary tariffs on countries with no trade deals with Mexico. The steelmakers also asked for stronger trade measures to protect the steel industry.
Last month Altos Hornos de Mexico (AHMSA) said it would suspend investment plans and cut its workforce by 20 percent, around 4,500 jobs. De Acero laid off 2,500 workers and idled one of its plants.
