Ternium will not stop its steel production in Mexico despite the negative impact caused by high import tonnages from China, which have already caused the closure of some operations in the industry.
In a letter sent to media, the company stated that the closing of the Aquila mine in Michoacan, was stopped by social issues, but hope to soon recover the operation.
Company spokespeople commented that "there are currently 19 investigations are underway and 12 are against China. In Mexico they have implemented 13 measures that include definitive antidumping duties of 15 to 99 percent.”
"The main risk for these imports is that you stop investing at a higher income of steel products coming not only from China but other countries, under pressure from the Asian power use their steel and turn to our markets," he explained.