Mexico
February 1, 2024
Written by Stephen Miller
The pig iron market has risen in recent months from the high $390s per metric ton (mt) last fall to $490/mt for Brazilian material and a bit more for Ukrainian product – for an overall average of $495/mt CFR.
This has coincided with the rise of the US scrap market during that period. (January being the exception to the general rule.) But pig iron did jump first.
The phrase “Fortress North America” seems to resurface anytime US, Canada, and Mexico trade negotiations roll around. The idea of an economic Fortress North America burst onto the scene in the late 1980s and early 1990s in the lead up to NAFTA. In theory...
Six qualified bidders have emerged for the assets of bankrupt Altos Hornos de México (Ahmsa) and its Minosa mining assets.
Following the 17-month high set in June, US steel exports receded 8% in July, according to recently released US Department of Commerce figures. Trade has been historically low for over a year and remains weak compared to 2022-2024 volumes.
Mexico has formally opened an anti-dumping investigation into imports of cut-to-length steel plate from Japan. Mexico’s Ministry of Economy launched the trade case after a complaint by Grupo Acerero (GASA). GASA, a San Luis Potosi-based steel producer, alleges price discrimination and injury to the Mexican industry, according to the announcement in Mexico’s Official Gazette of the Federation. The case targets hot-rolled, uncoated, non-coil carbon steel plate in sheet form, at least 4.75 mm thick and 600 mm wide.
GrafTech International Ltd. plans to permanently close its graphite electrode manufacturing facility in Monterrey, Mexico. The closure will happen in phases, with production expected to end early in the second quarter of 2027.