Steel Products
July 31, 2023
Ternium Could See Upside to Potential Steel Tariffs from US
Written by Becca Moczygemba
Mexican steelmaker Ternium could benefit if the US places new steel tariffs on Mexico, according to New York-based investment firm Morgan Stanley.
“First, if the US were to levy tariffs on steel imports from Mexico, we believe the government of Mexico would likely respond with a similar measure. Second, due to its product mix, Ternium would likely benefit from lower steel trade between the two countries,” Morgan Stanley said in a research note.
