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ArcelorMittal firm on $1 bn Mexico investment pledge despite trade threats

The new production will be for domestic, non-auto, general industry customers, the company said

Arcelormittal In Mexico

Reuters  |  MEXICO CITY 

ArcelorMittal, the world's largest steelmaker, has not changed its plan to invest $1 billion dollars in a new production line in Mexico, a spokesman said on Friday, despite uncertainty around terms of trade in North America. Since ArecelorMittal announced the investment in September, talks initiated by U.S. President Donald Trump to renegotiate the North American Free Trade Agreement have bogged down, and Trump stirred fears of a global trade war on Thursday by announcing plans for steep tariffs on steel and aluminium imports. Mexico's steel chamber has called for ...

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First Published: Sat, March 03 2018. 22:48 IST