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Canadian and Mexican steelmakers refuse new orders from the US

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Canada is the largest foreign source of imports in the United States, and Mexico is the third largest

Canadian and Mexican steelmakers refuse new orders from the US

Some manufacturers have become in Canada and Mexico inform customers that they refuse new orders in the United States because of fears that President Donald Trump will soon introduce duties. Sales quotes, according to a person who is familiar with the situation. Suppliers of steel from Mexico also stopped receiving orders for the material this week, waiting for potential actions by Trump, according to Flack Global Metals, a large buyer.

this week Trump reported plans to introduce previously threatening tariffs in the amount up to 25% for Mexico and Canada by February 1. Although both countries are exempted from a large-scale 25 percent tariff for steel introduced by the United States under the first administration of Trump, anxiety is growing in the industry that the metal will not receive benefits.

“Mexican steel are more anxious and change commercial policy in At the attitude of his approach to this market, ”said Flack Global Metals, General Director of the Arizona Distributor in an interview with Jeremy Flack. “Because of this, they went out of balance. Of the concerned, they moved into indifferent and again worried. "

Canada is the largest foreign source of imports in the United States, and Mexico is the third largest, according to the US Department of Trade. According to the Morgan Stanley study, in 2023 the United States consumed about 91 million tons of steel, and imports amounted to about 27% of the total demand.

Cleveland-cliffs, the second largest manufacturer in the United States, last year agreed to buy Canadian Stelco. When last week he was asked about the possibility of Trump's introduction to the recently acquired Canadian steel of the company, General Director Lorenso Gonsalves said that he would adhere to Trump's policy.

“President Trump will do what President Trump wants. He has a plan, and I will play accordingly, ”said Gonzalvest. “I am a big boy. I bought Stelco, knowing that Stelco is in Canada. And you know what? America is primarily. "

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