According to media reports, ArcelorMittal’s mill in Michoacán, Mexico has lost 300 million pesos (US$22 million) since October 2014 due to intermittent transportation blockages at the Port of Lazaro Cardenas.
A group of 40 carriers of the Confederation of Workers of Mexico (CTM) have blocked the supply flow of raw materials, steel products and iron ore in a bid to increase their rates. As a result, ArcelorMittal Mexico produced 90,000 tons less than typical in Q4 2014, primarily rebar and wire rod.