Steel in Mexico Market Players Analysis¶
Products and Services¶
This report analyzes the top 10 key players in the steel industry in Mexico based on the provided data, detailing their main products and services, and evaluating available information on their volume and revenue trends in 2024 compared to 2023. The market landscape includes major domestic producers and global giants with significant Mexican operations.
DEACERO: A leading Mexican steel company, DEACERO is a world leader in rod and wire production. It is also Mexico's largest recycler and a leading producer of long and reinforced steel. The company is vertically integrated, emphasizing sustainability through recycling. DEACERO operates over 20 plants and is significantly investing to expand its production capacity, including a new mill in Ramos Arizpe focused on structural profiles. These investments are aimed at boosting productive capacity and targeting the domestic market.
ArcelorMittal: As a global steel and mining leader, ArcelorMittal has a substantial presence in Mexico, centered at its Lázaro Cárdenas facility. Their primary products in Mexico include rod, wire rod, billet, and slab. They also produce hot-rolled sheet coil, although production has faced disruptions. ArcelorMittal is involved in mining operations, notably expanding pellet production at the Las Truchas complex. While global and North American production and shipments saw declines in 2024 compared to 2023, the company is investing to increase specific product volumes like pellets.
Ternium: A major steel producer in the Americas and part of the Techint Group, Ternium supplies advanced steel products to various manufacturing and construction sectors. They operate a significant industrial center in Pesquería, Mexico, focusing on flat products. Ternium is investing in integrating electric steelmaking, direct reduction of iron ore, and additional downstream capacity, including a new pickling mill and service center lines, expected to support growth driven by industrial activity and nearshoring in Mexico. Global shipments increased in 2024, although Mexican sales volumes experienced a decline in the first nine months of 2024 compared to the same period in 2023, despite relatively stable overall sales volumes in Mexico year-over-year in 2024.
Tenaris: A global leader in steel pipe products and services, Tenaris, including its key Mexican operation Tamsa, primarily serves the energy industry with seamless steel pipes and related accessories. Part of the Techint Group, Tenaris has an integrated global network. Global tubular product shipments decreased in 2024 compared to 2023, partly attributed to lower drilling activity in Mexico. The company recently completed a major coating project in Mexico.
Industrias CH: Identified as a significant steel company based on revenue rankings in Mexico, Industrias CH is a key player in the domestic market. Specific details regarding its main products and services, beyond its general involvement in the steel industry, are not extensively provided in the source data.
Grupo Simec: An industrial steel producer with operations in Mexico, Grupo Simec focuses on long steel products and is involved in recycling. The company anticipates strong demand for steel beams, particularly for the construction industry. Similar to other players, Grupo Simec experienced a decrease in total shipments of finished steel products and a decline in sales volumes and net sales in Mexico in 2024 compared to 2023.
G Collado: Listed among the top companies by revenue in Mexico, G Collado is involved in the steel industry value chain. Specific details about its primary products, services, or operational volumes are not readily available in the provided data.
AHMSA (Altos Hornos de Mexico): Historically, AHMSA was the largest integrated steel plant in Mexico with a broad range of steel products and iron ore mining operations. It had a significant production capacity. However, AHMSA ceased steel production in November 2023 and has been unable to resume operations, entering a bankruptcy phase in late 2024. This has resulted in a significant loss of production capacity for the Mexican industry. The company is exploring options to revive its operations with potential investors.
Gerdau Corsa: Part of the Brazilian steel company Gerdau S.A., Gerdau Corsa is a steel producer in Mexico known for its involvement in the production of structural steel profiles. It is a competitor in this specific market segment. Detailed volume or revenue data specific to its Mexican operations was not available in the provided sources.
TYASA: TYASA is identified as one of the key producers of hot-rolled sheet coils in Mexico, alongside Ternium and ArcelorMittal. While specific company-level volume and revenue data for TYASA were not detailed, the provided information indicates a decrease in the collective hot-rolled sheet coil production by the three main producers in the May-August period of 2024 compared to the same period in 2023, suggesting a potential decline in volume for TYASA as well.
Comparative table showing the growth/decline in volume and revenue by their main products and services¶
| Player | Main Products/Services | Volume (Latest Available Data) | Volume Trend (2024 vs 2023) | Revenue (Latest Available Data) | Revenue Trend (2024 vs 2023) |
|---|---|---|---|---|---|
| DEACERO | Rod, wire, long steel, reinforced steel, structural profiles, recycling | Capacity > 4.5 Mt/year; Investing for +1 Mt/year & +1.2 Mt/year | Growth planned/expected | > $4.5 billion (2024) | Not explicitly stated |
| ArcelorMittal | Rod, wire rod, billet, slab, hot-rolled sheet, mining | North America Crude Steel: 7.538 Mt (2024) vs 8.727 Mt (2023) | Decline | Global: $62.44 B (2024) vs $68.27 B (2023) | Decline |
| Ternium | Advanced steel products, flat products, hot rolling mill, direct reduction, downstream capacity | Global Shipments: 15.622 Mt (2024) vs 14.2 Mt (2023) | Growth (Global); Stable (Mexico) | Global: $17.649 B (2024) vs $17.6 B (2023) | Stable/Slight Growth (Global); Decline (Mexico Sales 9M 2024 vs 2023) |
| Tenaris | Steel pipe products, seamless pipes, tubulars for energy | Global Shipments: 3.175 Mt (2024) vs 3.337 Mt (2023) | Decline | Global: $12.524 B (2024) vs $14.869 B (2023) | Decline |
| Industrias CH | Steel products (general) | Data not available | Data not available | $1.84 billion (2024) | Data not available |
| Grupo Simec | Industrial steel, long steel, steel beams, recycling | Finished Steel Shipments: 2.056 Mt (2024) vs 2.176 Mt (2023) | Decline | Total Net Sales: ~$1.97 B (2024) vs ~$2.42 B (2023) | Decline |
| G Collado | Steel industry related | Data not available | Data not available | $687.45 million (2023) | Data not available |
| AHMSA | Diverse steel products, mining | Ceased production Nov 2023 | Severe Decline (Zero) | Effectively zero from operations since Nov 2023 | Severe Decline |
| Gerdau Corsa | Structural steel profiles | Data not available | Data not available | Data not available | Data not available |
| TYASA | Hot-rolled sheet coils | Part of group production decline (May-Aug 2024 vs 2023) | Decline (Shared) | Data not available | Data not available |
Note: Volume and revenue data availability and reporting periods vary by company. Trends are based on the comparison of the latest available data for 2024 against corresponding periods in 2023, where provided.
References¶
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 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