Ternium is considering filing additional antidumping petitions in Mexico over steel imports, particularly from Asia, CEO Máximo Vedoya told Reuters.
The company has acted as a petitioner in several cases involving Asian steel imports in recent years and supported recent applications. It also aims to expand its share of the Mexican market by replacing imported flat steel, especially from Asia, with locally made products.
Vedoya said priorities for North American trade include stricter rules of origin and reducing the impact of US Section 232 tariffs on steel and aluminum. The issues are in focus as the US-Mexico-Canada Agreement is reviewed. Ternium’s direct exposure to US tariffs has fallen after a substantial reduction in steel exports from Mexico to the United States.
The company expects its new slab mill in Pesquería, near Monterrey, to begin production in February 2027. The ramp-up will take time because its more advanced steel products must be certified. Ternium expects the project’s main financial benefits in 2028; replacing imported slabs with output from the plant could improve margins by $50–100 per metric ton.
There are no comments yet.