Mexico - Latest news GMK Center

AISI is also calling for an increase in the proportion of North American steel used in the manufacturing sectors

The country will also advocate for a regional approach to the automotive industry

This decision was a response to the U.S. imposition of 50% tariffs and will help reduce the country's economic dependence

Tariffs of up to 50% will come into effect at the beginning of 2026

Steel production in the region is expected to decline by 2.5% y/y at the end of the year

The EU will continue to suspend its countermeasures until early August and insist on negotiations

Countries are negotiating with the United States, but are ready to take retaliatory measures

The region is one of the most affected by imports from China

The country will stimulate domestic steel production amid US tariffs

The proceedings were initiated at the request of Ternium Mexico

The company revises its forecasts after the announcement of US tariffs

In 2024, Mexico will have a steel trade deficit with the United States of 2.3 million tons