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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.

Iron ore futures extend gains as China outlines stricter steel capacity controls

Baosteel Q3 net profit jumps 130% on demand recovery and resilient exports

LME proposes permanent curbs on large nearby positions amid depleted stocks, zinc squeeze

China lifts curbs on Hancock Prospecting’s MB fines purchases, easing iron ore trade friction

China’s CISA mills lift early‑October crude steel output 7.5%; inventories also climb

India’s steelmakers seek relief from import curbs as H1 met coke shortfall widens

China iron ore futures slip; Tangshan concentrate prices steady amid tight supply

Indonesia suspends all scrap metal imports after radioactive contamination detected

Serbia asks EU to exempt it from proposed new steel tariffs and quota cuts

U.S. judge signals approval of Rio Tinto’s $138.75 million Oyu Tolgoi investor settlement

Rio Tinto says strong Q4 needed to hit iron‑ore target after Q3 shipments of 84.3 mt; China demand firm

ArcelorMittal’s M&A chief in South Africa for talks on sale of local unit, sources say

EU plan to halve steel import quotas and double out‑of‑quota tariff to 50% raises Indian export risk

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