Steel Mills
ArcelorMittal Mexico Unswayed by Trade Threats
Written by Tim Triplett
March 6, 2018
The threats of Section 232 tariffs and the possible withdrawal of the United States from NAFTA have not swayed ArcelorMittal from its commitment to invest $1 billion in its Mexican operations.
In a statement reported on Friday, a spokesman for the integrated steelmaker said the company has no intention of changing its plans for Mexico, which include construction of a new hot strip mill at its Lazaro Cardenas unit.
Only 20 percent of the steel ArcelorMittal produces in Mexico is exported to the United States and other markets, while 80 percent is consumed locally, the company said. So, the bulk of the company’s output would be unaffected by President Trump’s proposed tariff of 25 percent on U.S. steel imports.
ArcelorMittal Mexico’s annual production will total 5.3 million metric tons when the investment program is completed over the next three years, the company said, including 2.5 million metric tons of flat rolled steel, as well as long products and slabs.
Tim Triplett
Read more from Tim TriplettLatest in Steel Mills
CRU: Blackout knocks out ArcelorMittal mill ‘for months’
Truchas works in Lazaro Cadenas, Michoacan, western Mexico. Repairs may take up to six months.
Nippon Steel posts quarterly loss on cost to buy U.S. Steel
Nippon Steel earnings take hit from buy of U.S. Steel.
Atlas completes Evraz NA deal, renames firm, and hires former USS exec as CEO
Atlas Holdings has completed its acquisition of Evraz North America (Evraz NA) and its subsidiaries.
ArcelorMittal: As tariffs slow global growth, Calvert could be a bright spot
ArcelorMittal expects less demand growth across most of the markets it operates in, including the US, because of President Donald Trump’s tariffs. But the Luxembourg-based steelmaker also thinks it stands to benefit from an increasingly regionalized world thanks to investments like the new EAF at its mill in Calvert, Ala.
Ternium posts solid Q2, expects further shipment growth
Latin American steel producer Ternium delivered a solid performance in the second quarter of 2025. Performance was driven primarily by higher realized steel prices in Mexico, even as shipment volumes declined slightly across its regional portfolio.