Mexico
December 1, 2023
Written by Stephen Miller
The export market for ferrous scrap has been strengthening over the last month by a sizable margin. In the first week of November, prices from the US East Coast averaged roughly $372 per metric ton CFR Turkey. On Nov. 30, it was reported a cargo of HMS 80/20 was sold from the US to Turkey at $404 per metric ton CFR with a component of shredded scrap at $424 per metric ton.
Latin American steelmaker Ternium is considering filing more anti-dumping cases in Mexico, according to a report from Reuters. Ternium CEO Maximo Vedoya told Reuters on Tuesday that the company would “very likely” file more trade cases in Mexico after supporting recent trade actions there. Additionally, Vedoya said the US and Mexico share a common issue in combating unfairly traded steel.
US steel exports eased 3% from August to September, marking the third consecutive monthly decline following June’s 17-month high, according to recently released US Department of Commerce figures. Exports have been historically low since early 2025 and remain weak compared to volumes seen in prior years. In September, 615,000 short tons (st) of steel were shipped outside of the country, 2% below the average monthly export rate of the past twelve months. September trade was 3% higher than the same month of 2025, 19% lower than September 2024, 21% lower than September 2023, and 15% lower than September 2022. For context, exports fell to a five-year low of 469,000 st in December and reached a near-five-year high of 914,000 st in May 2023.
The Aluminum Association is pushing for tariff rates to be aligned in Canada, the US and Mexico.
The US Department of Commerce recently made adjustments to the anti-dumping duties (AD) on certain steel pipe and tube imports after annual administrative reviews, according to notices in the Federal Register. Commerce reviewed the AD order on imports of oil country tubular goods (OCTG) from Mexico and lowered the dumping rate for one company. Tubos de Acero de Mexico received a 1.87% dumping rate for the year ended Oct. 31, 2024. The rate is down notably from 26.1% in the previous year. The all-others cash deposit rate remains set at 44.93%.
Mexican longs producer Deacero has cast the first billet at its new minimill in Ramos Arizpe, Mexico, moving the Danieli-supplied caster into commissioning. It's a key milestone for Deacero's $600-million Ramos II mini-mill, said Italian plant engineering and equipment provider. "The achievement further strengthens the long-standing collaboration between Deacero and Danieli, and further confirms Danieli’s already-established presence in the Mexican long-products market," the company said in a statement on Nov. 2.