Mexican integrated steelmaker Altos Hornos de Mexico (AHMSA) will compensate local transporters, following a recent increase on gasoline and diesel prices that generated looting, blockades and unrest across the country.
Mexican media said both AHMSA and Minera del Norte (Minosa), AHMSA’s subsidiary, are meeting with local transporters to proportionally increase freight costs in an attempt to keep products’ shipment operational.
In addition to needing local transporters to deliver steel across the country and locally in Coahuila, AHMSA needs fuels to run its mills.
The company said those readjustments in freight costs will result in increased steel prices, which could rise as much as 3 percent in the domestic market.