MEXICO CITY Mexican steel
association Canacero has once again called for an update of the
countrys trade defense laws to protect investments
planned by local steelmakers.
Investments in the sector are
expected to total $11 billion from 2013 to 2017, but "unfair
competition and subsequent market instability threaten the
national investment program," Canacero president Alonso Ancira
Elizondo said in a recent meeting with legislators.
The association has repeated its
request to the Mexican government for effective legislation on
international trade to allow it to respond promptly to unfair
"The lack of response to this
issue and open borders have left the domestic steel industry at
the mercy of unfair competition," Elizondo said.
Steel imports from outside the
North American Free Trade Agreement (Nafta) region to Mexico
more than doubled last year vs. 2011 levels. At the same time,
Mexican crude steel output decreased 2 percent and domestic
steel prices fell 30 percent, according to Elizondo.
Elizondo, who is also president
of integrated steelmaker Altos Hornos de Mexico SAB de CV
(Ahmsa), urged the government to adopt safeguards to control
steel imports, mainly from countries outside the Nafta
Economic changes already
implemented by Enrique Peña Nieto, Mexicos new
president, "are putting the country on the road to boost its
development in the long term," he said.
However, these changes "must be accompanied by a
modernization of the legal rules governing manufacturing
activities and the international trade between them," Elizondo
A version of this article
was first published by AMM sister publication Steel