Latin American steelmakers are worried about the effects of the Section 232 tariffs imposed on steel imports into the United States, as well as a diversion of steel products to the region and low-priced material from China.
Increasing protectionism worldwide was one of the factors behind the slow economic growth in the region, along with currency volatility and uncertainty in Argentina, Brazil and Mexico, regional steelmakers' association Alacero said."We see a cloudy outlook [arising from Section 232 measures in the US]," Alacero general director Francisco Leal said on Tuesday November 6, during the 59th Latin America Steel Conference, which is being held...