Mexico's AHMSA threatens further job cuts over dumping
MONTERREY, Mexico, June 24 (Reuters) - Altos Hornos de Mexico (AHMSA), one of Mexico's largest steelmakers, could cut a further 4,000 jobs if the government does not take radical measures to stop dumping in the industry, the company said in a statement on Wednesday.
AHMSA said earlier this month it would cut 4,500 jobs, slash production by 20 percent and suspend 3.9 billion pesos ($251 million) worth of investment, after what it called a drastic fall in prices in the last five months.
Mexico's government has announced import duties on both hot-rolled and cold-rolled steel. (Reporting by Gabriela Lopez; Editing by Tom Brown)
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