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Steel & Metal
- Mexico -

Mexico’s tariff package framed as industrial policy to protect domestic steel and manufacturing

Multiple outlets reported on Sept. 10, 2025 that Mexico’s draft tariff package — covering roughly 1,400 products and proposing duties up to 50% on some goods — was presented as a core element of a new industrial policy to shield domestic manufacturing, including steel producers, from low-priced imports. AP and Financial Times coverage noted the package targets countries without free-trade agreements with Mexico, with tariffs intended to counteract what Mexico’s government described as imports sold below reference prices and threatening local employment. The measures include proposed levies up to 35% on certain steel items and broad auto tariffs (including a proposed 50% duty on Chinese cars) meant to reduce import dependence and support Mexican supply chains, officials said. The draft requires congressional approval and is being cast by President Claudia Sheinbaum’s administration as a move to promote local production and protect an estimated 325,000 jobs, while also aligning Mexico’s trade stance with U.S. policy pressures ahead of NAFTA/USMCA reviews. Observers warned the tariffs could raise import costs, alter regional supply flows and invite retaliatory measures, underlining the plan’s potential to reshape North American metals and automotive trade patterns if enacted.

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Copper tops $11,000/t on LME as supply disruptions and fund buying lift prices

U.S. container imports fall 8.4% in September; China’s share drops as new tariffs loom

Brazil steel imports expected to decline from October on China tax enforcement, weak demand

Iron ore futures fall on weak Chinese steel demand; restocking and capacity curbs in focus

Nomura lifts targets for JSW Steel and Jindal Stainless; sees 25–27% EBITDA CAGR on India demand