Overview
- OECD warned global excess steel capacity could reach 721 million tonnes by 2027, calling the situation a crisis for producers.
- Alacero reported a 2.4% contraction in regional crude steel output, with executives flagging sub‑viable utilization rates in Argentina and Brazil.
- Mexico’s steel consumption is expected to fall 10.5% in 2025 as construction and manufacturing weaken and U.S. Section 232 measures bite.
- Industry leaders urged anti‑dumping actions, higher tariffs, and regional coordination as the U.S. and EU tighten barriers and Latin America remains more exposed.
- Ternium is proceeding with a $4 billion expansion in Pesquería to boost local, value‑added output, while executives press for tax and labor reforms to lift competitiveness.