MEXICO CITY Mexicos Altos Hornos de
México SAB de CV (Ahmsa) saw sales fall 3.9 percent in
2012 compared with the previous year on what it called
unfair steel practices.
Revenue totaled 39.22 billion pesos ($3.06 billion) in 2012,
the company said in a Feb. 28 filing with Mexicos stock
exchange. Net income fell to 408.4 million pesos ($31.9
million), and earnings before interest, taxes, depreciation
and amortization (Ebitda) totaled 3.69 billion pesos ($288.1
The financial results reflect adverse market conditions
by importing large volumes of steel in unfair conditions, and
downward prices, Ahmsa president Alonso Ancira Elizondo
Unfair trading practices have been the biggest problem
affecting Mexican steelmakers, Mexican steel association
Ancira Elizondo, also president of Canacero, urged the
government to adopt safeguarding measures to control steel
imports, primarily from outside the North American Free Trade
Agreement regionimports from outside the region rose
170 percent year on year in 2012.
Some steel products are subject to a temporary 3-percent
tariff, but Mexican mills want higher levels.
A version of this article was first published by AMM
sister publication Steel First.