Mexican flat steel prices to fall: Ahmsa
Dec 06, 2012 | 11:57 AM
| Rodrigo Alonso
MEXICO CITY Mexicos largest integrated steelmaker, Altos Hornos de México SAB de CV (Ahmsa), expects domestic prices to fall by 20 percent over the next few months on the back of "unfair trade practices" from countries in Asia and the Commonwealth of Independent States (CIS).
Prices have already fallen some 20 percent this year due to downward pressure from Chinese, Indian, Russian and Ukrainian shipments, Ahmsa sales and marketing director Miguel Elizondo told AMM sister publication Steel First.
In the first nine months of 2012, those four countries shipped to Mexico about 255,000 tonnes of steel products similar to those manufactured by Ahmsa, including hot-rolled coil, cold-rolled coil, plate, tinplate and structural sections, nearly triple the 91,350 tonnes shipped in the same period last year, Elizondo said.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.