3/15/2024 0 Comments Who wrote flat stanley![]() If that happened, Ternium would not only be well-positioned, but may even benefit, he said. may implement a tariff on steel imports from Mexico, De Alba said. officials around the need to address the recent surge has prompted concerns from investors that the U.S. That underscores a shift in the relationship in recent years, as the country had a negative steel trade balance with the U.S. from Mexico jumped 43% in 2022, compared with 2018 and 92% from 2015. "Hence, we believe that TX would be well positioned if the US imposed tariffs on steel produced in Mexico and Mexico retaliated." The volume of steel imported to the U.S. "While Mexico is a net exporter of steel to the US, the country is a net importer of flat products from its northern neighbor," he wrote in a note to clients. His $51 price target implies shares can gain 13.5% over the next year from Wednesday's close. ![]() Analyst Carlos De Alba reiterated his overweight rating on the steel producer and said it was still his top pick in the Latin American metals and mining sector. puts a tariff on steel coming from Mexico, according to Morgan Stanley. Personal Loans for 670 Credit Score or Lower ![]() Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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