Ternium reports a 13% increase in steel shipments in Mexico during the first nine months.

Ternium SA CEO Maximo Vedoya stated that as Mexico implements import tariffs, prompting customers to shift towards sourcing locally produced metal products, the company's steel sales in Mexico are continuously increasing; however, this growth is somewhat limited due to the weak enforcement of these tariffs. In an interview, Vedoya pointed out that a large volume of foreign steel is still entering the Mexican market, with these products evading tariffs of up to 35% through under-invoicing, smuggling, or transshipment via third countries. According to Vedoya, in the first nine months of this year, the company's shipments in Mexico grew by 13%, with about 70% to 80% of this growth coming from “import substitution”. He believes that before Mexico considers following the US and other markets in imposing a 50% tariff on steel products, the primary task should be to ensure that all imported products are equally subject to tariffs.