INSUBCONTINENT EXCLUSIVE:
The Latin American steel industry faces mounting pressure as Chinese imports disrupt local markets, threatening jobs and economic
market, displacing regional manufacturers and putting 1.4 million jobs at risk.To address this, Alacero is urging the United States to form
President Donald Trump reinstated a 25% tariff on steel imports, impacting all trading partners, including Brazil and Mexico
These two nations are among the largest steel exporters to the U.S., with Brazil alone exporting $5.7 billion worth of steel in 2024.The
tariffs have raised concerns in both countries
They reduce competitiveness in the U.S
(Photo Internet reproduction)Alacero argues that these tariffs unfairly penalize Latin American producers
Meanwhile, China, which accounts for 54% of global crude steel production, dominates international markets through subsidized pricing.In
2024, China exported over 114 million metric tons of steel, much of it targeting less-protected regions like Latin America due to declining
To counter this trend, Alacero proposes a regional supply chain strategy to strengthen local production and reduce dependency on imports.The
organization also advocates for import quotas on Chinese steel and stricter anti-dumping regulations to curb unfair trade practices
U.S.-Latin America alliance could reshape global trade dynamics
