PUBLICATION
Steel Times International
Mexico Steel 2006 STI Release
September 02, 2006
The role of China has inevitably had some effect on regional steel markets, particularly in dictating competitor reaction and strategic planning. Prices in the NAFTA region (United States, Canada & Mexico) are much higher than the rest of the world and values in Europe are also above those in Asia. Until recently, the steel companies’ considerable profits had prevented protectionist action or dumping claims, since they were unable to argue they had suffered injury – the key criteria needed to prove dumping under World Trade Organization rules. Now, however, with mill profits falling and global capacity increasing, there are arguments and requests for clarity on ‘dumped’ or ‘subsidized’ imports.
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Kosmos logistics is growing with Mexico’s rapidly developing manufacturing sector, particularly servicing the automotive industry.
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Tenova HYL holds approximately 50% of the direct induced iron (DRI) reduction market, a technology which it has pioneered.
"The market in Mexico used to be only based on price, but now clients are also looking for quality and are able to pay a little more. Companies must have high efficiency and be prepared to produce products when the client needs them.”
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