Tag: Mexico

Reliance Inc. posted a third-quarter profit more than double that of a year ago on record quarterly sales. The stellar result came thanks to higher steel prices and a jump in tons sold. A government contract for the US border wall with Mexico drove a significant portion of those gains, the company said. And the Phoenix-based service center chain, North America’s largest, predicted that profits would continue to surge in the fourth quarter despite concerns about steel availability and geopolitical instability.

The US Department of Commerce has reduced the anti-dumping duty on corrosion-resistant steel (CORE) for some Mexican producers after a court order. On remand from the Court of International Trade (CIT), Commerce agreed that the record did not show that Galvasid SA de CV’s US customers separately negotiated or paid freight or insurance. The agency therefore removed the adjustment and recalculated the margin. As a result, the agency lowered Galvasid’s coated steel dumping rate to 14.54%, from 24.05%. The all-others rate is now 14.29%, down from 17.42%. Ternium’s rate is unchanged at 14.17%.

North American auto assemblies fell 2.2% from August to 1.314 million units in September, as lower commercial vehicle production outweighed nearly unchanged personal vehicle output, according to GlobalData. After steady gains through Q2, automotive production has been inconsistent, continuing a seesaw pattern. Still, assemblies remain muted and well below pre-pandemic levels. Total production was 4% below September 2025. Still, last month’s production total was 2.7% above 2026’s monthly average of 1.28 million units.

The leading bidder for bankrupt Mexican steelmaker Altos Hornos de Mexico (AHMSA) failed to provide the required earnest money guarantee to confirm its $1.4 billion bid for the steelmaker and its Minera del Norte (MINOSA) mining assets. The court will now consider selling the assets to a consortium of creditors. After the bankruptcy auction on Sept. 25, the court overseeing the proceedings granted the leading bidder, Construcciones e Ingenierías Electromecánicas SA de CV (CIESA), ten days to provide a bid bond of $56.3 million. The Oct. 13 deadline passed without any prequalified bidders, including CIESA, providing the required amount. In fact, the court said CIESA deposited only 5,000 Mexican pesos (US$271).

The result comes after Mexico’s Ministry of Economy completed a five-year sunset review of the anti-dumping duty (AD) order on imports of hot-rolled (HR) sheet from Russia and Ukraine.

Mexico's Construcciones e Ingenierías Electromecánicas SA de CV (CIESA) has emerged as the leading bidder for the assets of bankrupt steelmaker Altos Hornos de México (AHMSA) and its mining subsidiary Minera del Norte (MINOSA). The Michoacán-based engineering and construction company offered $1.4 billion in a court-supervised bankruptcy auction held Sept. 25.

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.

The Department of Commerce is adjusting the anti-dumping duties on light-walled rectangular pipe and tube from Mexico.

Ahmsa’s steelmaking assets and its Minosa mining assets in northern Mexico will be sold together as a single productive “as-is” unit on the morning of...

Talleres y Aceros SA (Tyasa) has started up its new 350,000-metric-ton-per-year SBQ facility in Ixtaczoquitlán, Veracruz, Mexico.

US steel exports recovered 7% in June, marking the highest monthly rate recorded since January 2025. Despite the recoveries seen over the last six months, trade has been historically weak for over a year and remains weak compared to 2022-2024 volumes.

Licenses to import steel into the US surged in July to the highest level since June 2025, according to recently released US Commerce Department data. Final June figures show a 3.8% month-on-month decline, while July licenses show a 9% recovery.

The announcements affect two established US commercial vehicle production sites.

Ternium reported higher sales, profit, and shipments in the second quarter. Mexico remains the company’s strongest market even as US trade measures add uncertainty across North America.

SPS Companies has acquired Jemison Metals, a carbon flat-roll service center and fabricator headquartered in Birmingham, Ala., from Jemison Investment Company.

The US Court of International Trade (CIT) has ordered the Commerce Department to redo its final dumping determination for Mexico’s Galvasid SA de CV in the corrosion-resistant (CORE) steel investigation.

The US government has requested that Mexico impose tariffs similar to Section 232 on steel and aluminum imports from outside North America, according to a report in Bloomberg on Sunday.

The busy summer for US trade, which we wrote about previously, is heating up with new Section 301 forced labor duties of 10-12.5% imposed on 60 countries and new Section 338 duties of 50% announced on certain Canadian imports.

US Trade Representative (USTR) Jamieson Greer will travel to Mexico from Wednesday to Friday this week to continue bilateral discussions related to the USMCA joint review.  

Steel exports eased 1% in May and remain significantly lower than trade of previous years.

Monthly steel imports rose back above 2 million short tons (st) in May and June, further recovering from the historic lows seen late last year, according to recent Commerce data.

The Mexican government is pushing to have steel and auto tariffs removed in its next round of USMCA negotiations with the US, according to a report in El Pais.

Toyota Motor North America plans to invest $3.6 billion to expand its San Antonio manufacturing campus.

Steel trade groups and unions in the US have weighed in on the USMCA review process, as the US announced it would not renew the trade pact in its current form.

Mexican steelmaker Talleres y Aceros SA de CV (Tyasa) has placed an order from Primetals Technologies for a twin vacuum degassing plant to be installed at its Ixtaczoquitlán mill in southeastern Mexico.

We asked our readers what they thought the outcome of the ongoing USMCA talks might be as far as Section 232 tariffs go. Very few see an elimination of tariffs as likely.