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 ensu

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.