Little impact from US gov’t shutdown on Mexican steel

Oct 23, 2013 | 10:50 AM | Rodrigo Alonso

Tags  steel, Mexican steel, U.S. government shutdown, ArcelorMittal Mexico, Arturo Marroquín, Acero Prime, Industrias CH, Kansas City Southern de Mexico Grupo Villacero

MEXICO CITY — Mexico’s steel industry didn’t suffer any negative impact from the recent U.S. government shutdown, according to executives from steel companies based in the Latin American country.

However, the episode might have had a negative impact on market sentiment, the executives added.

The shutdown, which happened after U.S. lawmakers failed to come to terms on a budget deal, didn’t last long enough to force Mexican steelmakers to take any particular measures, most market participants surveyed by AMM sister publication Steel First said.....

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