Ternium weighs more anti-dumping cases as steel snarls trade talks with US
TX•Ternium CEO Maximo Vedoya said the steelmaker is very likely to pursue more anti-dumping cases in Mexico, especially against imports from Asia. Its Pesqueria slab mill is due to start production in February 2027, with the company expecting its main benefits in 2028 and a potential $50 to $100 per ton margin increase from using its own slab.
1. More cases considered
Ternium is weighing further anti-dumping cases in Mexico to fight imports, particularly from Asia, CEO Maximo Vedoya said. The company has backed recent petitions and is seeking to replace imports with local supply.
2. Mill and trade priorities
Ternium's new slab mill in Pesqueria is due to start production in February 2027. The company has told investors that the main benefits should become visible in 2028, and that using its own slab rather than imported slab could add $50 to $100 per ton in margin. Vedoya said tightening North American rules of origin and easing the burden of US Section 232 steel and aluminium tariffs were more important regional trade issues.
3. Usiminas focus
Vedoya said Ternium is focused on improving productivity at Brazilian steelmaker Usiminas, while its 2027 outlook will depend partly on conditions in Brazil. Ternium and partner firms raised their controlling group stake in Usiminas to just under 93% in February.
