Posco and Ternium Trigger Mexican Steel Safeguarding Response — Panjiva
Más

Panjiva_research_logo

Posco and Ternium Trigger Mexican Steel Safeguarding Response

China 1760 Materials - Metals/Mining 482 Metals - Steel 360 Mexico 505 South Korea 383 Tariffs 1170

The Mexican government plans to apply 15% import duties to steel that has come from countries that it does not have a free trade agreement (FTA) with. Imports in 2018 from non-FTA countries were worth $7.47 billion, or 28.5% of total steel shipments. A 23.0% year over year growth in imports from non-FTA countries – led by China and South Korea – is likely the major reason for the government triggering the higher tariffs. The two largest shippers were Posco, which accounted for 10.7% of non-FTA imports, and Ternium which delivered 14.1% of non-FTA shipments. Both significantly...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.