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Article: Steel bargains could be coming from Mexico.
- Article from:
- Purchasing
- Article date:
- December 11, 2008
- Author:
CopyrightCOPYRIGHT 2008 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Tom Stundza
Collapsed demand and lower prices at home at a time when supply has expanded will make more steel mill products from Mexico available for buyers in the U.S. and Canada.
Steel trade between the U.S. and Mexico typically averages 6.5 million net tons a year. One nation usually is a more dominant supplier than the other based on the values of the dollar and the peso. But, with the regional economy in crisis, Mexican-made steel may be much more available and at bigger bargain prices for buyers in the U.S. and Canada throughout 2009.
Supply is expanding yet home-market demand in Mexico for carbon and stainless steel sheet especially ...