Mexico shuts down steel importer amid trade talks

Mexico’s Ministry of Economy and Finance suspended export programs for LAU Industries of Mexico, a US-based steel importer, after alleging the manufacturer took advantage of a government program to promote trade.

The government shut down two plants and warehouses operated by US-based LAU Industries, formerly Ruskin of Mexico SAPI, according to an announcement by the ministry. The move was made while the country negotiates with Washington for an exemption to the 50% tariff on steel imports into the US.

Mexico
Trade

Stephanie Ritenbaugh

Stephanie Ritenbaugh is a reporter for Steel Market Update. She is an experienced business journalist, holding a variety of positions for trade publications and newspapers, including covering shale development for Gas Business Briefing/Platts and for the Pittsburgh Post-Gazette. She can be reached at stephanie.ritenbaugh@crugroup.com or +1 724-759-7868

Stephanie Ritenbaugh

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