原标题：Ternium Urges USMCA Rule Changes Amid Steel Tariff Disputes

Ternium, a major steelmaker with significant operations in Mexico, is pushing for tougher trade terms under the U.S.-Mexico-Canada Agreement (USMCA) ahead of its scheduled review. Despite ongoing headwinds from steep U.S. steel tariffs, the company is advocating for stricter "rules of origin" to curb unfair competition, particularly from Chinese steel dumped into the region.

Under USMCA, Mexican steel shipments to the U.S. are currently exempt from some tariffs. However, steel products still face a hefty 50% U.S. tariff. Negotiations between the U.S. and Mexico are ongoing to ease these tariffs for steel imports up to a certain threshold, according to recent Reuters reporting.

Ternium argues that tighter rules would help prevent foreign steel—particularly from China—from entering North America disguised as regional product. Dumping practices, where steel is sold below market value, have long been a concern among U.S. and Mexican steelmakers. Often, such products are rerouted through third countries, making their true origin difficult to trace.

In a recent analyst presentation in New York, Ternium emphasized the importance of reinforcing regional protections in the face of global economic challenges. J.P. Morgan analysts noted that Ternium views the current U.S. tariffs as a long-term advantage for a more balanced globalization.

In 2024, the U.S. exported 2.28 million metric tons more steel to Mexico than it imported, Ternium reported. Meanwhile, U.S. officials have criticized Mexico for oversupplying its own market.

Looking ahead, Ternium aims to expand its share in Mexico’s domestic steel market. In Brazil, however, it continues to face pressure from cheap Chinese imports. While an acquisition of the remaining shares in Brazil’s Usiminas is a possibility, Ternium’s management indicated it's not a near-term priority.

【以下为机器翻译结果，仅供参考阅读】

在墨西哥拥有大量业务的大型钢铁制造商Ternium正在推动美国-墨西哥-加拿大协议（USMCA）下更严格的贸易条款。尽管美国高额钢铁关税持续带来不利影响，但该公司正在倡导更严格的“原产地规则”，以遏制不公平竞争，特别是来自中国倾销到该地区的钢铁。

根据美墨加贸易协定，墨西哥向美国出口的钢铁目前免征部分关税。然而，钢铁产品仍然面临着美国50%的高额关税。据路透社最近的报道，美国和墨西哥之间正在进行谈判，以将这些钢铁进口关税降低到一定的门槛。

Ternium认为，更严格的规定将有助于防止外国钢铁——尤其是来自中国的钢铁——伪装成地区产品进入北美。长期以来，以低于市场价值的价格出售钢铁的倾销行为一直是美国和墨西哥钢铁生产商担心的问题。通常情况下，这些产品通过第三国转运，使其真正的来源难以追查。

特尔尼姆最近在纽约的一次分析报告中强调了在面对全球经济挑战时加强区域保护的重要性。摩根大通（J.P. Morgan）分析师指出，Ternium认为，美国目前的关税对更加平衡的全球化来说是一个长期优势。

Ternium报告称，2024年，美国向墨西哥出口的钢铁比进口的钢铁多228万吨。与此同时，美国官员批评墨西哥过度供应本国市场。

展望未来，Ternium的目标是扩大其在墨西哥国内钢铁市场的份额。然而，在巴西，它继续面临来自廉价中国进口商品的压力。虽然Ternium有可能收购巴西Usiminas的剩余股份，但该公司管理层表示，这不是近期的优先事项。