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Steel Imports Report: Mexico. July 2017. Background. Mexico is the worldâs twelfth-largest steel importer. In year to date. 2017 (through March), further referred to as YTD 2017, Mexico. imported 2.8 million metric tons of steel, a 19 percent increase from 2.3. million metric tons in YTD 2016.
Cheap foreign steel, especially from China, has pushed U.S. steel imports up for a recent brief surge and dented confidence among domestic steel producers, the Wall Street Journal reports. Steel imports are expected to hit 3.2 million tons in January, up 23 percent from a year ago, as price differences between U.S. and Chinese steel rose to $159 per ton. At this time last year, U.S. steel cost $19 less than Chinese steel, according to market analysis firm CRU Group.