Steel Mills
May 23, 2019
AHMSA Ready to Boost Production Now that Tariffs are Gone
Written by Sandy Williams
Altos Hornos de Mexico (AHMSA) plans to increased steel production by 30 percent now that U.S. tariffs have been eliminated. The year-long Section 232 measures caused a 25 percent drop in AHMSA’s steel production and $300 million in lost revenue, said AHMSA President Alonso Ancira Elizondo. As orders from the U.S. fell due to the tariffs, AHMSA was forced to cut 100,000 metric tons of production.
Elizondo expects the company to return to pre-tariff production levels within three months. On the day of the tariff announcement, orders immediately increased from 270,000 metric tons per month to 340,000 MT tons scheduled for June.
