Mexican steel exports to the United States decreased by 30% to 1.46 million metric tons between January and November amid ongoing global steel tariffs in the United States.
- In June 2025, the United States imposed a 50% tariff on all steel imports, excluding imports from the United States. United Kingdom, which are subject to tariffs of 25%. Previously, the United States was the largest buyer of steel in Mexico.
- The total volume of steel exports from Mexico in November decreased by 18% to 2.25 million tons compared to the same period in 2024.
- Mexico increased exports to Canada and Guatemala, while in January-November, these countries imported steel from Mexico increased steel imports by 67% year-on-year to 177,000 tons and 57% to 96,000 tons, respectively.
- Steel imports in November decreased by 15% compared to the same period in 2024 to 9.7 million tons ahead of Mexico's introduction of increased steel tariffs for countries outside the non-trade agreement, November 15 December.
- Imports from the United States remained unchanged at 3.6 million tons, while imports from Japan decreased by 9% to 1.54 million tons and from South Korea by 17% to 1.52 million tons over the same period.
- Steel production in Mexico in January-November decreased by 9% year-on-year, to 15.47 million tons compared to the same period last year. The most produced products were rebar, hot-rolled steel (HRC) and hot-dip galvanized steel (HDG).
- Consumption in January-November also continued an almost two-year decline, decreasing by 10% compared to the same period last year and amounting to 23 million tons. The products consisted of high-density rolls, HRC and cold-rolled products
