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Mexican steel sector seeking pro-industrial policies

Keywords: Tags  Mexican steel, Canacero, ArcelorMittal Mexico, Bill Chisholm, Ternium Mexico, Máximo Vedoya, Rodrigo Alonso

MEXICO CITY — Mexico steel industry needs more supportive government policies to boost the sector’s competitiveness in the global market, Mexican steel association Canacero said.

"We need to be more competitive as an industry, to have security in our operations and to improve the relationship between government and private businesses to achieve a more encouraging outlook for the sector," ArcelorMittal Mexico SA de CV chief executive officer Bill Chisholm told federal deputies during a recent meeting, the second such meeting between Canacero and the government this year.

Mexico needs a "pro-industrial policy" in accordance with the global economic situation, and should also "promote local content for major infrastructure projects," Ternium México SA de CV chief executive officer Máximo Vedoya told Mexican deputies. The country requires "competitive cost, energy supply, and fiscal and environmental regulations that promote competitiveness."

Vedoya acknowledged that the government "has responded satisfactorily" to unfair trade practices.

The Mexican Unit of Foreign Trade Practices has opened three anti-dumping probes into steel imports thus far this year, involving products from China, South Korea and Commonwealth of Independent States nations.

Steelmakers were also asked by Mexican legislators to provide them with specific complaints on issues that have affected industry growth, Salvador Romero, chairman of the special committee of the automotive and steel industry of Mexico’s Chamber of Deputies, said.

A version of this article was first published by AMM sister publication Steel First.

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