International Steel Mills
September 3, 2018
Voestalpine to Shift U.S. Auto Parts Production to Mexico
Written by Sandy Williams
Austrian steelmaker Voestalpine will move part of U.S. automotive parts production to Mexico to avoid steel import tariffs.
Voestalpine has 48 U.S. sites that primarily use domestic steel but about one third of company revenue relies on plate and specialty imported steels that are not produced in the United States. U.S. production accounts for one tenth, or $1.5 billion, of Voelstalpine’s global revenue.
