Mexican steelmaker barred from signing contracts with the government

Monday, 03 January 2022 21:10:36 (GMT+3)   |   Sao Paulo
       

The Mexican economy secretariat, SE, said the Mexican government, its departments as well as Mexico City, cannot sign any contracts with Aceros Inoxidables y Servicios Industriales.

SE said the ban on Aceros Inoxidables y Servicios Industriales will last for three months; SE didn’t provide a specific reason for the ban, which is applied from December 24, 2021 onward. The government notice said the same ban applies to Ernesto Maya Parra, the company’s representative.

The ban might remain valid even after the three-month period if the company doesn’t pay the fine. Aceros Inoxidables y Servicios Industriales was also ordered to pay an MXN 127,323 ($6,164) fine for undisclosed reasons.


Similar articles

Mexico extends CVD for welded steel pipe from China until 2028

30 Apr | Steel News

Mexico eliminates AD/CVD on steel plate imports from Japan and Italy

30 Apr | Steel News

Steel employment in Mexico drops 0.3 percent in March

29 Apr | Steel News

Mexican domestic scrap prices - week 17, 2024

26 Apr | Scrap & Raw Materials

Mexican automotive exports decrease 2.4 percent in March

26 Apr | Steel News

Austrian industrial machinery producer expands in Mexico with $62 million

26 Apr | Steel News

Ternium’s net income up 2.3 percent in Q1

25 Apr | Steel News

Iron ore imports to Mexico grow 110 percent in February

25 Apr | Steel News

Mexican metal scrap imports fall 27 percent by value in February

24 Apr | Steel News

Companies that contribute 30 percent of Mexico's GDP celebrate new steel tariffs

24 Apr | Steel News