ArcelorMittal will cut 2,800 jobs in Mexico, according to media reports this Thursday.
The company, which temporarily halted operations at one of its plants earlier this year, said the measures it is currently adopting to fight the nation’s challenging scenario for the local steel industry are not enough.
“Countries like Russia, China, Turkey, Korea, among others, are exporting steel to Mexico at unfair conditions and, as a result, we can’t compete,” the company said.
AHMSA, Deacero and ArcelorMittal made it clear that if the unfair competition with China continues, layoffs will continue.
AHMSA said it has cut 2,500 jobs in Mexico, while Deacero laid off another 2,500 workers, according to media reports. Mexican steelmakers have been pressuring the Mexican government to apply temporary AD duties of up to 35 percent on imports of steel products from countries that don’t have commercial agreements with Mexico.
This week, the Mexican government announced it will extend for five more years AD duties on imports of CRC from Russia and Kazakhstan. It also extended for five years duties on purchases of welded carbon steel connections from China.