Steel Theft by Drug Cartels

Drug cartels in Mexico are reported to be diversifying into other criminal black market activities to increase revenue. One such industry is the steel industry. In 2010, $240 Million worth of steel was stolen from producers by drug cartels, with the pace of robberies doubling in 2011.

Source: Mica Rosenberg, “Drug gangs clash with dogged miners in Mexico,” Reuters, April 14, 2011.