Economic analysts concerned about Mexican steel industry

Steel Orbis

The growth of Chinese imports and the fall in raw material prices threaten the operation of steel factories in Mexico, said José Luis de la Cruz, director of the Institute for Industrial Development and Economic Growth (IDIC), who outlined a scenario of economic contraction in Mexico and strong unfair competition from imports, mainly from Russia and China.

“Most companies in the sector are doing or have done both investment adjustments in labor along these first months of the year,” he said.

Even before this debacle, ArcelorMittal headed the national steel production with 24 percent of total production, while companies AHMSA, Ternium Mexico, Deacero and Tamsa concentrated 61 percent of national production. Read more […]

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