Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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February 2019 | North American Steels

More producers target growing Mexican market: Mexico and Canada Highlights

Steel Dynamics Inc (SDI) revealed more details about their plans to build a new flat-rolled mill in the Southwestern US, announced in November last year.

With the gridlock in the US resulting in the government shutdown, hopes that Section 232 measures for neighboring countries will be softened in the near future are fading. Even more worryingly, it was reported that the renegotiated Nafta agreement could face difficulties when coming to be ratified by the Congress, raising prospects of a delay or even new negotiations. Reacting to this, President Trump threatened to withdraw from the Nafta agreement completely if the new deal is not approved. This pushes changes to the Section 232 regime further down the agenda.

Meanwhile, the Canadian International Trade Tribunal (CITT) held a number of hearings discussing safeguard measures on imports. It was reported that provincial governments of British Columbia and Alberta have submitted briefs opposing the extension of the...


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