Mexico
February 6, 2025
Written by Stephen Miller
After the tariffs threat to Canada and Mexico subsided earlier this week, the ferrous scrap market started to form for February shipment, with prices jumping from January.
A major buyer in the Detroit district entered the market with the price for #1 busheling up $40 per gross ton (gt) over prices January. Shredded and other obsolete grades rose $40/gt.
Global raw steel production slowed for the third month in a row in August, according to the latest figures from the World Steel Association (worldsteel).
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.