Key Players in the Steel Industry in Mexico.¶
Key Players Table¶
| Player name and short description | Detailed profile | Relevant context information | Estimates of volumes | Estimates of revenue |
|---|---|---|---|---|
| DEACERO: A major Mexican steel company. World leader in rod and wire production and Mexico's largest recycler and leading producer of long and reinforced steel. | DEACERO is recognized for its vertical integration, including steel recycling operations. They are a significant producer of long steel products with a focus on sustainability through recycling. Operates over 20 plants. Investing $600 million to construct a new steel mill in Ramos Arizpe, Coahuila, incorporating cutting-edge technologies and circular economy practices, with an increased production capacity of one million tons per year. This project, the "Ramos II Investment Project," includes a rolling mill for structural profiles. | Investing US$1 billion for a new large-profile and beam steel mill expected to begin production by late 2026. Enhancing industrial intelligence to boost productive capacity from 3.7Mt to nearly 5Mt in finished products. Supported recent tariffs on steel and aluminum products not melted or cast in North America to promote regional integration. | Production capacity over 4.5 million tons annually. Investing to increase production by an additional one million tons per year for the domestic market (2022-2024 investment). New plant will increase capacity by 1.2 million metric tons per year. Operates at about 70% capacity utilization, with room to increase to 85-90%. | Over $4.5 billion (2024). |
| ArcelorMittal: A global steel giant with a significant presence in Mexico. | World's leading steel and mining company with primary steel production facilities in 16 countries. In Mexico, it is the national leading steel company, concentrating its main manufacturing operation in the Lázaro Cárdenas port in Michoacán, where rod, wire rod, billet and slab are produced. Mexico is ArcelorMittal's eighth-largest revenue generator. | A settlement was reached with unions to end an illegal blockade at their Mexican operations in July 2024, and crude steel production in Mexico normalized in 4Q 2024 and is expected to fully recover in 1Q 2025. Investing $150 million in the second half of 2023 to expand pellet production at the Las Truchas mining complex, aiming to increase annual production from 1 million to 2.3 million tons. Experienced technical problems in restarting a blast furnace in Lázaro Cárdenas after a blockade, impacting hot-rolled sheet coil production and contributing to a market shortage. | Crude steel production in North America (includes Mexico) was 7.538 million tonnes in 2024 and 8.727 million tonnes in 2023. Steel shipments in North America were 10.063 million tonnes in 2024 and 10.564 million tonnes in 2023. Prior to a blockade, a blast furnace in Lázaro Cárdenas had a production capacity of 2.4 million metric tons per year. Expects to increase pellet production volume from 1 million to 2.3 million tons per year. | Global revenue of $62.44 billion (TTM 2024) and $68.27 billion (2023). Mexico contributed 4.8% of their total revenue in 2023. Estimated Mexico revenue ~$3.28 billion (2023). |
| Ternium: A leading steel producer in the Americas, part of the Techint Group. | Provides advanced steel products to a wide range of manufacturing industries and the construction sector. Has production facilities in Argentina, Brazil, Colombia, Guatemala, Mexico, and the United States. Operates a state-of-the-art industrial center in Pesquería, Mexico. Part of the Techint Group, which had total revenues of USD 38.4 billion in 2023. | Increased share in a growing Mexican market for flat products and ramped up production at its hot rolling mill at Pesquería in 2023. Initiated a new cycle of investments at Pesquería to integrate electric steelmaking, natural gas-based direct reduction of iron ore, and additional downstream capacity. Expects to begin deploying its downstream project in Pesquería during the second half of 2024, including a new pickling mill and service center lines. Healthy industrial activity in Mexico and nearshoring contribute to steel demand growth. | Global steel products shipments were 15.622 million tonnes in 2024 and 14.2 million tons in 2023. Shipments in Mexico reached a record 8.4 million tons in 2023. Sales volumes in Mexico remained relatively stable year-over-year in 2024. Mining product shipments decreased in 3Q 2024 reflecting lower production levels in Mexican and Brazilian operations. | Global net sales were $17.649 billion in 2024 and $17.6 billion in 2023. Mexican sales decreased 26% in the first nine months of 2024 compared to the same period in 2023. |
| Tenaris: A leading global manufacturer and supplier of steel pipe products and related services for the world's energy industry and certain other industrial applications. Includes Tamsa (Tubos de Acero de México, S.A.) as a key part of its operations in Mexico. | Has an integrated worldwide network of steel pipe manufacturing, research, finishing, and service facilities. Tamsa is a specialized producer, primarily known for seamless steel pipes, serving sectors like the energy industry. [Value Chain Analysis] Tamsa is one of the leading manufacturers of seamless steel pipe and accessories for the energy industry. Part of the Techint Group. | Lower drilling activity in Mexico contributed to a decrease in tubular product sales volumes in 2024. Completed a major coating project in Mexico at their newly acquired TenarisShawcor business in 1Q 2024. Tamsa has been recognized as the first green building in the steel industry and received LEED certification. | Global tubular product shipments were 3.175 million tons in 2024 and 3.337 million tons in 2023. | Global net sales were $12.524 billion in 2024 and $14.869 billion in 2023. |
| Industrias CH: A key player in the Mexican steel industry. | A significant steel company in Mexico. Appears in rankings of top companies by revenue in Mexico. | Revenue of $1.84 billion (2024). | ||
| Grupo Simec: A steel company with operations in Mexico and other countries. | An industrial steel producer with operations in Mexico. Produces long steel products and is involved in recycling. [Value Chain Analysis] | Net sales in Mexico decreased in 2024 compared to 2023. Anticipates strong demand for steel beams for the construction industry. | Total shipments of finished steel products were 2.056 million tons in 2024 and 2.176 million tons in 2023. Mexican sales volumes decreased in 4Q 2024 compared to 4Q 2023. | Total net sales were Ps. 33,658 million (approx. $1.97 billion USD) in 2024 and Ps. 41,139 million (approx. $2.42 billion USD) in 2023. Sales in Mexico were Ps. 18,270 million (approx. $1.07 billion USD) in 2024 and Ps. 24,325 million (approx. $1.42 billion USD) in 2023. |
| G Collado: A company appearing in lists of top companies by revenue in Mexico. | Listed as one of the top companies in Mexico by revenue. The specific focus solely on the steel industry value chain is not explicitly detailed in the provided sources, but its inclusion in steel industry-related revenue lists suggests significant activity. | Revenue of $687.45 million (2023). | ||
| AHMSA (Altos Hornos de Mexico): Historically, a major steel producer in Mexico. | Was the largest integrated steel plant in Mexico. Had an extensive industrial chain covering iron ore mining to diverse steel products. [Value Chain Analysis] Possessed two main production plants with a combined capacity of 5.5 million tons per year. | Ceased steel production on November 30, 2023, and has been unable to resume operations. Entered the bankruptcy phase in late 2024 after failing to secure an agreement with creditors. Actively exploring new opportunities to revive the steelmaker and engaging in discussions with potential investors. The loss of AHMSA's production capacity has been a significant impact for the Mexican industry. | Production capacity of 5.5 million metric tons per year. Liquid steel volume reached 4.52 million tons in 2018 (most recent official figure). | Recorded assets of $2.0 billion and total liabilities of $5.95 billion at the end of 2022. Owed over US$650 million in November 2023. Debt exceeded US$1 billion in August 2024. |
| Gerdau Corsa: A steel producer in Mexico. | Mentioned as a company involved in the production of structural steel profiles in Mexico. Competes in the structural profiles market alongside DeAcero and Grupo Simec. Part of Gerdau S.A., a Brazilian steel company. | Specific recent revenue data for Mexican operations not available in the provided sources. Global revenue for Gerdau S.A. is not provided in a readily comparable format within the search results to estimate Mexico's contribution for ranking purposes. | ||
| TYASA: A steel producer in Mexico. | Mentioned as one of the three producers of hot-rolled sheet coils in Mexico, alongside Ternium and ArcelorMittal. | Hot-rolled sheet coil production by the three producers (Ternium, ArcelorMittal, and Tyasa) decreased by 15.0 percent in the May-August period, going from 1.14 million mt in that period of 2023 to 966,000 mt in 2024. | Involved in hot-rolled sheet coil production. | Specific recent revenue data not available in the provided sources. |
References¶
CANACERO - The Mexican Steel Industry Acknowledges And Thanks The Ministry Of Economy For Its Negotiations With The Unite. DEACERO Blog - Proceso de Producción del Acero en México: Conoce su paso a paso. Mexico News Daily - Mexican steel confirms US $8.7 billion investment. RC Racks - Manufactura del acero. Thermopanel - Descubre el proceso de fabricación del acero y sus fases. Ternium - Industria del acero: generador de empleo en México. Ulbrinox - Proceso de fabricación del acero inoxidable. Max Acero Monterrey - Ciclo de vida del acero. Metalmecánico - One Planet network. Mexico Steel Industry Research Report 2023-2032. Argentina.gob.ar - INFORMES DE CADENAS DE VALOR. Dialnet - El estilo de gobernanza en la cadena de valor de la industria del acero en México. ResearchGate - (PDF) Los Impactos de Sostentibilidad en la Cadena de Valor de la Industria del Acero en Mexico. GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE TWELVE-MONTH PERIOD ENDED DECEMBER 31, 2024 AUDITED. https://www.prnewswire.com/news-releases/grupo-simec-announces-results-of-operations-for-the-twelve-month-period-ended-december-31-2024-audited-302130846.html DEACERO Announces Modern and Sustainable Steel Mill Project in Coahuila - Promexico Industry. https://mexicoindustry.com/en/news/industry/deacero-announces-modern-and-sustainable-steel-mill-project-in-coahuila Steel Tariffs to Boost North American Integration: DeAcero - Mexico Business News. https://mexicobusiness.news/industrial/steel-tariffs-boost-north-american-integration-deacero GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST NINE MONTHS OF 2024 - PR Newswire. https://www.prnewswire.com/news-releases/grupo-simec-announces-results-of-operations-for-the-first-nine-months-of-2024-302280116.html GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE FIRST QUARTER, OF 2024, ENDED MARCH 31, 2024 - MarketScreener. https://www.marketscreener.com/quote/stock/GRUPO-SIMEC-S-A-B-DE-C-V-8750665/news/GRUPO-SIMEC-ANNOUNCES-RESULTS-OF-OPERATIONS-FOR-THE-FIRST-QUARTER-OF-2024-ENDED-MARCH-31-2024-46603359/ DeAcero will invest US$587 million to increase its production capacity - MEXICONOW. https://mexiconow.com/story/deacero-will-invest-us587-million-increase-its-production-capacity ArcelorMittal S.A.: ArcelorMittal reports fourth quarter 2024 and full year 2024 results. https://www.globenewswire.com/news-release/2025/02/06/2995721/0/en/ArcelorMittal-S-A-ArcelorMittal-reports-fourth-quarter-2024-and-full-year-2024-results.html DeAcero Announces Investment of 12 Billion Pesos. https://www.mexico-business.com/news/industry/deacero-announces-investment-12-billion-pesos Mexican DeAcero invests $600 million in structural profiles plant - Steel Orbis. https://www.steelorbis.com/steel-news/mexican-deacero-invests-$600-million-in-structural-profiles-plant-id250671.htm GRUPO SIMEC ANNOUNCES RESULTS OF OPERATIONS FOR THE TWELVE-MONTH PERIOD ENDED DECEMBER 31, 2024 (Form 6-K). https://e వార్షికreports.com/Details/SIM/370154 ArcelorMittal will invest to expand pellet production in Mexico - SteelRadar. https://steelradar.com/news/arcelormittal-will-invest-to-expand-pellet-production-in-mexico Grupo Simec Reports Significant Operational Changes for 2024 - Investors Hangout. https://investorshangout.com/post/view?id=1708933 Ternium results decline in Q4 2024 - Steel Orbis. https://www.steelorbis.com/steel-news/ternium-results-decline-in-q4-2024-id252859.htm Top Steel companies in Mexico by Revenue - StockViz.com. https://stockviz.com/steel-companies-in-mexico-by-revenue/ ArcelorMittal fails to restart its blast furnace in Mexico - Steel Orbis. https://www.steelorbis.com/steel-news/arcelormittal-fails-to-restart-its-blast-furnace-in-mexico-id250989.htm Forecast: Raw Steel Production in Mexico - Report Linker. https://www.reportlinker.com/insight/forecast-raw-steel-production-in-mexico Alacero: Steel consumption in Mexico will fall 5.0 percent in 2024 and grow 6.7 percent in 2025. https://www.steelorbis.com/steel-news/alacero-steel-consumption-in-mexico-will-fall-50-percent-in-2024-and-grow-67-percent-in-2025-id251823.htm Mexico Steel Industry Research Report 2023-2032. https://www.researchandmarkets.com/reports/5959602/mexico-steel-industry-research-report Sustainability Report 2023 | Ternium. https://www.ternium.com/en/about-us/sustainability/sustainability-report-2023 ArcelorMittal S.A.: ArcelorMittal reports first quarter 2025. https://www.globenewswire.com/news-release/2025/04/30/3993122/0/en/ArcelorMittal-S-A-ArcelorMittal-reports-first-quarter-2025.html grupo simec announces results of operations for the twelve-month period ended december 31, 2024 audited. https://stocktitan.com/news/SIM/grupo-simec-announces-v83w72d18m96/ Mexico Steel Industry Outlook 2023-2032: Insights into Sustainability and Growth Opportunities - GlobeNewswire. https://www.globenewswire.com/news-release/2024/01/29/2819564/0/en/Mexico-Steel-Industry-Outlook-2023-2032-Insights-into-Sustainability-and-Growth-Opportunities.html Mexico Steel Market Size & Outlook, 2024-2030. https://www.horizondatabook.com/en/databook/mexico-steel-market-size-and-outlook Fact Book 2024 - ArcelorMittal. https://mexico.arcelormittal.com/siteassets/investors/factbook_2024_en.pdf Ternium Announces Fourth Quarter and Full Year 2024 Results - Nasdaq. https://www.nasdaq.com/press-release/ternium-announces-fourth-quarter-and-full-year-2024-results-2025-02-18 Mexico Steel Industry Research Report 2023-2032 - PR Newswire. https://www.prnewswire.com/news-releases/mexico-steel-industry-research-report-2023-2032--302039137.html Ternium Announces Fourth Quarter and Full Year 2024 Results. https://www.ternium.com/en/investors/events-and-presentations/events/event-detail/2025/Ternium-Announces-Fourth-Quarter-and-Full-Year-2024-Results/default.aspx 2023 MCN Top 50 Service Centers - Metal Center News - Solutions for Profitable Distribution. https://www.metalcenternews.com/latest-issues/2023-mcn-top-50-service-centers/20230908-2023-mcn-top-50-service-centers Tenaris Announces 2024 Fourth Quarter and Annual Results. https://ir.tenaris.com/news-releases/news-release-details/tenaris-announces-2024-fourth-quarter-and-annual-results Ternium Announces Third Quarter and First Nine Months of 2024 Results. https://ir.ternium.com/news-releases/news-release-details/ternium-announces-third-quarter-and-first-nine-months-2024 Annual Report 2023 | Alfa. https://www.alfa.com.mx/wp-content/uploads/2024/03/AR_ALFA_ESP_ENG_2023.pdf Ternium Announces Fourth Quarter and Full Year 2023 Results. https://ir.ternium.com/news-releases/news-release-details/ternium-announces-fourth-quarter-and-full-year-2023-results Top 10: Largest Steel Companies | Construction Digital. https://constructiondigital.com/supply-chain/top-10-largest-steel-companies Fresnillo plc Financial results for the year ended 31 December 2023. https://www.fresnilloplc.com/investors/results-reports-presentations/2023/ Tenaris Announces 2024 Fourth Quarter and Annual Results. https://ir.tenaris.com/news-releases/news-release-details/tenaris-announces-2024-fourth-quarter-and-annual-results Tenaris Announces 2024 First Quarter Results. https://ir.tenaris.com/news-releases/news-release-details/tenaris-announces-2024-first-quarter-results Mexico Steel Sections Market Size & Outlook, 2023-2030. https://www.horizondatabook.com/en/databook/mexico-steel-sections-market-size-and-outlook Mexico Steel Market Update: March 14, 2024. https://www.spglobal.com/commodityinsights/platts/en/market-updates/metals/031424-mexico-steel-market-update Mexico Steel Market Size, Share, Trends and Forecast by Type, Product, Application, and Region, 2025-2033. https://www.imarcgroup.com/mexico-steel-market INTERVIEW: Mexican steel industry must seek regional strengthening in 2025: Canacero. https://www.spglobal.com/commodityinsights/platts/en/market-updates/metals/121224-interview-mexican-steel-industry-must-seek-regional-strengthening-in-2025-canacero Mexico Oil & Gas Summit 2024 - Impact Report - Issuu. https://issuu.com/mexicobusinesspublishing/docs/mexico_oil_gas_summit_2024_impact_report Commission Implementing Regulation (EU) 2024/1345 of 21 May 2024 imposing a definitive anti-dumping duty on imports of certain. https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32024R1345