News Content
Mexico's June auto output up 6.7pc to 306,694 units, exports up 5.3pc
MEXICAN car production was up 6.7 per cent in June to 306,694 units year on year, while auto exports increased 5.3 per cent to 242,720 units, Mexican Auto Industry Association (AMIA) data showed.
Exports to the Mexico's main, the US, surged 10.3 per cent year on year, while European sales rocked 23.3 per cent, reported Reuters.
The auto sector accounts for 30 per cent of Mexico's exports, according to the national statistics institute.
AMIA president Eduardo Solis told a monthly news conference the auto industry was "enormously concerned" about recent lobbying by local steel producers to restrict cheap steel imports from China and other countries.
In June, Mexico imposed tariffs on cold-rolled steel from China, and hot-rolled steel from China, Germany and France after an anti-dumping probe.
Mr Solis said that the auto sector has not been affected by the new duties, but he remains attentive to any proposals that could impact the industry's competitiveness.
Early last month, steelmaker Altos Hornos de Mexico said it would lay off thousands of workers and cut production because of a steep drop in prices this year. It said the government has been slow to address the surging number of steel imports at dumping prices.
Exports to the Mexico's main, the US, surged 10.3 per cent year on year, while European sales rocked 23.3 per cent, reported Reuters.
The auto sector accounts for 30 per cent of Mexico's exports, according to the national statistics institute.
AMIA president Eduardo Solis told a monthly news conference the auto industry was "enormously concerned" about recent lobbying by local steel producers to restrict cheap steel imports from China and other countries.
In June, Mexico imposed tariffs on cold-rolled steel from China, and hot-rolled steel from China, Germany and France after an anti-dumping probe.
Mr Solis said that the auto sector has not been affected by the new duties, but he remains attentive to any proposals that could impact the industry's competitiveness.
Early last month, steelmaker Altos Hornos de Mexico said it would lay off thousands of workers and cut production because of a steep drop in prices this year. It said the government has been slow to address the surging number of steel imports at dumping prices.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
