Imports, foreign ownership have big industry impact in Mexico
Dec 31, 2012 | 07:00 PM
| Myra Pinkham
While Mexican steel consumption is quite strong, domestic producers arent feeling as much of a benefit as would be expected due to a combination of rising imports and foreign investment.
With a number of Mexican steelmakers purchased by foreign companies over the past 20 years, there really isnt as much of a Mexican steel industry as there used to be, said Al Zapanta, president and chief executive officer of the U.S.-Mexico Chamber of Commerce.
Mexico used to be a leader in both the production of steel and the manufacture of specialty parts, but that has changed, Zapanta said, noting that Mexican-owned companies have produced virtually no steel pipe since the countrys largest pipe mill, Tubos de Acero de Mexico SA, was acquired by Tenaris SA nearly 10 years ago. Also, there arent as many domestically owned plate producers as there used to be.....
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