Mexican flat steel prices to fall: Ahmsa

Dec 06, 2012 | 11:57 AM | Rodrigo Alonso

Tags  Altos Hornos de México, Miguel Elizondo, Ahmsa, Enrique Peña Nieto, steel prices, Mexican steel prices, Steel First, Rodrigo Alonso

MEXICO CITY — Mexico’s 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.....