Mexican Jan-Nov steel exports to US down 30pc

: Metals
26/01/06

Mexican steel exports to the US fell by 30pc to 1.46mn metric tonnes (t) between January-November amid the ongoing US global steel tariffs.

The US in June 2025 imposed a 50pc tariff on all steel imports, with the exception of imports from the UK, which are subject to 25pc tariffs. The US was formerly Mexico's largest steel buyer.
Mexico's total steel exports fell by 18pc to 2.25mn t through November compared with the same period of 2024.
Mexico turned more exports to Canada and Guatemala, with those countries' January-November imports from Mexico rising by 67pc year-over-year to 177,000t and 57pc to 96,000t, respectively.
Steel imports to November fell by 15pc compared with the same period of 2024 to 9.7mn t ahead of Mexico's imposition of increased steel tariffs on non-trade treaty countries on 15 December.
Imports from the US were steady at 3.6mn t, while imports from Japan fell by 9pc to 1.54mn t and from South Korea by 17pc to 1.52mn t over the same period.
Mexico's January-November steel production slipped by 9pc year-over-year to 15.47mn t. The most-produced products were rebar, hot-rolled coil (HRC) and hot-dipped galvanized (HDG).
January-November consumption also extended a nearly two-year slide, falling by 10pc year-over-year to 23mn t. Mexico's most-consumed steel products were HDG, HRC and cold-rolled coil.

By Marialuisa Rincon

Mexican finished steel YTD				000s of metric tonnes, except ±%
	Nov-25	Nov-24	Difference	±%
Production
Rebar	3,455	3,554	-99	-2.8%
Hot-rolled coil (HRC)	3,082	3,447	-365	-10.6%
Hot-dipped galvanized (HDG)	2,869	3,145	-276	-8.8%
Total*	15,468	16,898	-1,430	-8.5%
Consumption
HDG	4,125	4,252	-127	-3%
HRC	4,027	4,706	-679	-14.4%
Cold-rolled coil (CRC)	3,839	4,527	-688	-15.2%
Total	22,993	25,597	-2,604	-10.2%
Imports by country
US	3,597	3,591	6	0.2%
Japan	1,539	1,686	-147	-8.7%
South Korea	1,526	1,827	-301	-16.5%
Imports by product
Alloyed	1,804	1,680	124	7.4%
HDG	1,423	1,547	-124	-8%
CRC	1,178	1,657	-479	-28.9%
Total	9,774	11,440	-1,666	-14.6%
Exports by country
US	1,463	2,082	-619	-29.7%
Canada	177	106	71	67%
Guatemala	96	61	35	57.4%
Exports by product
Seamless tube	599	636	-37	-5.8%
Wire	272	295	-23	-7.8%
Tube with seams ≤ 406.4 mm	238	304	-66	-21.7%
Total	2,248	2,741	-493	-18%
Source: Canacero
Totals include other products than those listed in this spreadsheet.

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