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CTM: Mexican steel is losing thousands of jobs from unfair imports

Friday, 23 August 2013 01:54:48 (GMT+3)   |  

According to a statement from Tereso Medina Ramirez, Secretary General of Coahuila State's Confederation of Mexican Workers (CTM), 4,000 jobs a month are not being generated in the steel industry due to unfair competition with steel imports from Russia, China and India.

He added that Mexico's steel industry is comprised of about 560,000 jobs and of these, 55,000 are located in Coahuila, but as long as there is little regulation of imports from those countries, the generation thousands of jobs a month will be lost.

"Employers and entrepreneurs of this sector are competing in an unfair environment, having to sustain production in an unclear market, so the Ministry of Economy (SE) must do something to make things more equal," he said in local news reports.

In the case of Coahuila State, investment-friendly company heads like Alonso Ancira of AHMSA and Raul Gutierrez Muguerza of Deacero have "believed and trusted in the region, as well as in Mexico, to strengthen the steel industry and in that sense, we are in solidarity with them."