Tag: Mexico

Grupo Acerero SA de CV posted higher shipments and stronger profitability in the first quarter of 2026.

Unsurprisingly, the Trump-Xi Beijing summit ended without a major announcement on trade. Behind the celebratory mood and photo-ops are years of economic harm from China’s predatory trade practices that cannot be overcome in a single meeting.

The Canada-United States-Mexico Agreement (CUSMA) is envied by many as one of the strongest trading partnerships in the world.

US steel exports improved in March but remain historically low, having trended lower for over a year now.  

US Commerce Secretary Howard Lutnick said the US should pursue separate, bilateral trade negotiations with Canada and Mexico instead of renewing the US-Mexico-Canada Agreement (USMCA).

The process to reduce Section 232 steel and aluminum tariffs for producers in Mexico and Canada garnered mixed reactions from steel and metals’ supply chain advocacy groups.  

Ternium expects steel demand in Mexico to keep improving through the second quarter as destocking fades and new industrial policies take hold.

A weekly guest column that examines North American steel issues leading up to the USMCA periodic review in July.

Ternium SA’s profits more than doubled in the first quarter as work continues to advance at its industrial center in Pesqueria, Mexico.

ArcelorMittal’s North American operations posted higher sales results sequentially and year over year (y/y) in its Q1 earnings report.   The North American segment of the Luxembourg-based steelmaker reported 8.3% higher sales in Q1’26 compared with the previous quarter. The steelmaker credits higher average selling prices, up 3.5% from Q4, and a jump in steel shipments, up 5.2%.

Mexico’s federal government and the country’s national steel chamber, Canacero, signed a new Agreement for the Promotion of the Mexican Steel Industry. This positions the steel sector as a core pillar of the national Plan Mexico industrial strategy.

US Trade Representative Jamieson Greer said rules of origin will be a major focus of upcoming USMCA review talks.

The Canadian International Trade Tribunal (CITT) determined oil country tubular goods (OCTG) sold by Tenaris S.A. and certain exporters from South Korea, Turkey, and the Philippines are subject to antidumping tariffs.  

US Trade Representative (USTR) Jamieson Greer said Mexico should not expect the upcoming USMCA review to result in the removal of US steel and aluminum tariffs, according to media reports.

Core to the negotiations will be the need for a fundamental rebalancing of the relationship between the United States, Mexico, and Canada - especially when it comes to the steel and autos supply chain.

Thyssenkrupp Materials Services announced its majority stake acquisition of Aceroteca Trading, S.A.P.I. de C.V. in Santa Catarina, Nuevo León, Mexico.  

US steel exports held steady from January to February and remain near historical lows.

Remember the “Got Milk?” advertising campaign of the 1990s. Maybe we should start a “Got Steel?” campaign. Or maybe “Got Spot Tons?” would be more accurate, if less catchy.

We just wrapped up another Steel 101 workshop. But this time, we had the privilege to take the most hands-on industry workshop on steelmaking and market fundamentals abroad.

North American auto assemblies gained ground in February, up more than 8% vs. January, but still down more than 4% year on year (y/y), according to GlobalData.

Mexico’s Ministry of Economy issued a preliminary ruling in its anti-dumping case on hot-rolled steel from China and Vietnam. The government found evidence of price discrimination and imposed provisional duties on a wide range of hot-rolled flat products, including coils, sheet, strip, and plate.

US steel exports jumped 33% in January but remain historically low, according to recently released US Department of Commerce data.

Mexican steel trade group Canacero has elected TenarisTamsa’s Sergio de la Maza Jiménez as its new president of the board of directors for 2026-27.

An administrative review of the anti-dumping duty (AD) order on heavy-walled rectangular pipe and tube from Mexico has found evidence of continued dumping by Mexican companies.

Mexico’s Secretary of Economy is conducting ‘Operation Clean-Up,” inspecting suspicious steel companies to verify compliance with rules of origin.

Grupo Acerero SA de CV (GASA) reported increasing shipments at the end of 2025 as the steel producer ramps up a new slab mill in north-central Mexico.

ArcelorMittal Mexico has replaced the transformer on its No. II electric-arc furnace, increasing casting capacity by 18%.

I grew up in Belo Horizonte, the capital of Minas Gerais in southeastern Brazil, surrounded by the Serra do Curral mountains, and a culture steeped in mining and vast iron ore reserves.

The public bankruptcy auction for the assets of Altos Hornos de Mexico has been postponed.

Trade for many of the sheet and plate products we follow has fallen to multi-year lows through December.