Steel overcapacity and cheap steel affect more sustainable production and the green transition. To understand this problem, it must be taken into account that there are two dominant types of production. On the one hand, the BF-BOF (Blast Furnace-Basic Oxygen Furnace) process is the traditional method of steel
North American governments have taken steps to address global steel overcapacity. In its OECD Steel Outlook 2025 report released Monday, the OECD projects a 6.7% increase in world steel production capacity between 2025 and 2027, with an additional 165 million metric tons over that period. In 2024, global
FDI as a percentage of GDP in Mexico dropped from 3.0% in 2015 to 2.0% in 2024, reported the Ministry of Economy. Mexico attracted US$36.872 billion of FDI in 2024 and, more recently, US$21.373 billion in the first quarter of 2025. Both amounts imply records considering preliminary figures.
Plan Mexico aims to attract investments derived from the New North American Economy (NEN), highlighted Marcelo Ebrard, Secretary of Economy. On the one hand, Plan Mexico has an anti-cyclical component, to attract investments in industry, infrastructure and services. On the other hand, it has a component to prepare
Mexico‘s tariff payments to the United States exceeds 10% of total exports to that destination, informed Marcelo Ebrard, Secretary of Economy, on Tuesday. Imports of products to the U.S. market from Mexico grew at a year-on-year rate of 6.4% in 2024, to a record $505.851 billion dollars, with
Sweden announced on May 13 that it will propose European Union membership in CPTPP, a 12-nation trade agreement. Sweden’s proposal aims to strengthen trade ties with Pacific nations and better address U.S. President Donald Trump’s tariff policy. European Union membership in CPTPP The European Commission reaffirmed in 2021