Robust trade laws vital to Mexican steel success

Jan 29, 2013 | 05:04 PM | Anne Riley

Tags  Máximo Vedoya, Teodoro González Garza, Guillermo Rey, Enrique Peña Nieto, Ternium Mexico, ArcelorMittal Mexico, Tubacero, steel Anne Riley

MONTERREY, Mexico — Forecast growth by Mexico’s steel industry could be at risk if the nation’s new administration does not adopt a more aggressive response to the swelling flood of low-priced imports, industry executives say.

"If Mexico is to grow, Mexico is going to have to grow through the industrial sector, and the industrial sector needs a policy for promoting local industry to the detriment of exports from China or (South) Korea," Ternium México SA de CV chief executive officer Máximo Vedoya said at AMM’s 18th annual Mexican Steel Forum in Monterrey, Mexico.

"We need to see the Mexican steel industry not lose its competitiveness, but rather be more competitive every day," said Teodoro González Garza, chief executive officer of Mexican tubemaker Tubacero SA de CV. "We don’t want protection. What we want is an equal playing field."....

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