Brazilian slab producer Companhia Siderurgica do Pecem (CSP), a joint-venture owned by Vale, Dongkuk and Posco, said Mexico has become the steelmaker’s largest slab buyer.
CSP exported a combined 874,084 mt of slab to Mexico country between August 2016 to June 2018. South Korea is the company’s second largest slab buyer, importing 328,424 mt in the same period, from August 2016 to June 2018.
Ternium Mexico is a key slab buyer, CSP said, purchasing about 3.5 million mt of slab per year from a number of suppliers, including CSP. Other suppliers include Ternium-owned Ternium Brazil, formerly known as Companhia Siderurgica do Atlantica (CSA), which was sold by ThyssenKrupp for EUR 1.2 billion.
South Korea imported some 328,424 mt from the Vale co-owned steelmaker in the same period, followed by Brazil, which bought another 282,996 mt of slab in the August 2016-June 2018 period, CSP said.