According to CoinMeta, Ternium SA CEO Maximo Vedoya stated that as Mexico implements import tariffs, which have prompted customers to turn to purchasing locally produced metal products, the company's steel sales in Mexico are continuously growing; however, this growth potential has been somewhat limited due to the weaker enforcement of these tariffs. Vedoya pointed out in an interview that a large amount of foreign steel is still entering the Mexican market, with these products avoiding tariffs of up to 35% by underreporting invoice prices, smuggling, or transshipping through third countries. Vedoya mentioned that in the first nine months of this year, the company's shipments to Mexico increased by 13%, with about 70% to 80% of this growth coming from "import substitution." He believes that before Mexico considers imposing 50% tariffs on steel products, similar to what the United States and other markets have done, the top priority should be to ensure that all imported products are subject to equal tariffs.