Mexican Steel Exports Not a Threat to the U.S.: CANACERO

SEATTLE (Scrap Monster):  According to CANACERO, the Mexican association of steel producers, there is a definite excess in bilateral finished product trade between the US and Mexico. Between 2015 and 2023, the US surplus averaged 1.2 million tons per year.

By then, the US excess will have grown to 2.4 million tons, or 4.1 million USD. This indicates a 23% increase in US exports to Mexico over the average of 2015–2017 and a 10% increase over 2023. Mexico's exports to the United States, on the other hand, have decreased by 13% since 2023.

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While in 2024 the US recorded 16.1% of the market in Mexico, our country represented only 2.2% of the market in USA. It is unfounded that Mexican exports are causing plant closures or layoffs in the USA. USA, as the steel industry of that country has mentioned on several occasions.

The triangulation charges are also unfounded because, according to data from the Monitoring and Analysis System of US Steel Imports (SIMA), from January to October 2024, only 578 tons of steel were exported from China, accounting for 0.02% of all steel product exports during that time.

The Mexican government may, if required, impose a quick and proportionate reprisal on the exported goods, in this case US steel products supplied to Mexico, in response to the United States' expanding steel exports to Mexico, according to CANACERO.