ArcelorMittal, Ternium may feel COVID-19 disruption in Mexican exports — Panjiva
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ArcelorMittal, Ternium may feel COVID-19 disruption in Mexican exports

China 2393 Coronavirus 256 Materials - Metals/Mining 596 Metals - Steel 422 Mexico 656 U.S. 4229

Mexican steel production slipped 15.9% year over year in January. That was in part due to a slowdown in shipments planned for China due to the COVID-19 coronavirus outbreak according to Grupo Simec. Mexican exports to China may have surged 29.1% year over year in Q4, but had otherwise been in decline with an 8.4% slide. The drop was in part due to lower shipments to the U.S. despite the removal of section 232 tariffs. The major steel exporters all suffered lower exports in Q4. ArcelorMittal performed worst with a 21.7% slide while Ternium and Tenaris saw declines of 8.1% and 1.2% respect...

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