Ternium SA CEO Maximo Vedoya said the company’s steel sales in Mexico are rising
as customers shift to domestic product after import tariffs, but growth is being
limited by weak enforcement. He said large volumes of foreign steel still enter
Mexico via under‑invoicing, smuggling or transshipment to evade tariffs of up to
35%. Vedoya said Ternium’s Mexico shipments rose 13% in the first nine months of
the year, with about 70–80% of that gain from import substitution, and urged
authorities to ensure equal application of tariffs before considering U.S.-style
50% duties.
