PUBLICATION

Steel Times International

AUTHORS

Kevin Norchi, Matthias Lomas, Raquel Picornell

Mexico Steel 2018 STI Release

February 05, 2018

Despite headwinds such as the NAFTA renegotiations, Mexico’s steel sector is seeing large investments by the likes of Ternium and ArcelorMittal and is moving up the value chain, driven by a booming automotive sector.

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"The market in Mexico used to be only based on price, but now clients are also looking for quality and are able to pay a little more. Companies must have high efficiency and be prepared to produce products when the client needs them.”

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"We expanded our business in West Africa and built our largest mine to date at a time when the markets were risk averse. Being counter-cyclical takes both discipline and guts, but it pays off and we are now reaping the benefits."

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