ArcelorMittal Mexico has reduced its output capacity for steel slabs because of unsustainable pricing due to unfair imports of this material.
The company limited their production capacity between 60- 65pc, according to local media reports, and has requested the Mexican government to impose a 15pc import duty on slab being shipped from countries with which Mexico does not have commercial deals.
Moreover, the steelmaker requested the authorities to carry out an anti-dumping investigation for import of slab carbon steel and alloy steel products from Russian and Brazil, according to a report. ArcelorMittal Mexico had not responded to queries from Davis Index about the matter by the time of publication.
ArcelorMittal Mexico produced 4mn mt of steel products in 2019. Of this amount, 80pc was sold in Mexico and 20pc exported, according data from media outlet.
Mexico’s crude steel production dropped by 12.1pc to 1.4mn mt in April this year compared the same month the prior year, according to the latest figures released by the World Steel Association (WSA). Crude steel production in April last year reached 1.6mn mt.