AHMSA Threatens More Job Cuts Over Dumping
06/29/2015 - Altos Hornos de Mexico (AHMSA), one of Mexico's largest steelmakers, could cut a further 4,000 jobs if the government does not take radical measures to stop dumping in the industry, Reuters reports.
AHMSA said earlier this month it would cut 4,500 jobs, slash production by 20 percent and suspend 3.9 billion pesos ($251 million) worth of investment, after what it called a drastic fall in prices in the last five months.
Mexico's government has announced import duties on both hot-rolled and cold-rolled steel.
Source: Reuters
Mexico's government has announced import duties on both hot-rolled and cold-rolled steel.
Source: Reuters
