27
May
12:28
Mexican steel industry loses $400m on US tariffs
Mexican steel industry losses amounted to nearly $400 million as a result of the 11-month period during which US Section 232 tariffs were levied on Mexican steel. So said Máximo Vedoya, the re-elected president of Mexican steel association Canacero, during Canacero’s 71st Ordinary General Assembly on 23 May, monitored by Kallanish.
“The effect of US 232 was huge for the Mexican steel sector, lowering 13% of its production, halting investm…
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Anonymous
Very good overview of the weekly steel market.
Anonymous