The Mexican steel industry is expected to invest $8.7 billion over the next three years in response to tariff threats from U.S. President Donald Trump. This investment aims to increase production capacity and meet domestic demand without relying on external imports.
Óscar Chahín, CEO of Tyasa and president of the Association for Iron & Steel Technology (AIST) Mexico, announced that this investment will cover 100% of the current demand in the Mexican consumer market. He also highlighted that automotive companies are making new investments in the supply chain, which will contribute to the industry's growth in the country.
At a related event, ExpoAcero 2025, which will be held in Monterrey from March 24 to 26 at Cintermex, the perspectives of the industry were discussed. Trump recently imposed a 25% tariff on steel and aluminum imports from Mexico. In light of this situation, the steel industry already has a plan in place: to seek the exclusion of these tariffs or to apply mirror tariffs on American steel.
Additionally, the role of Nuevo León in this national plan was highlighted, especially thanks to investments from companies like Ternium. The goal is to meet the projected national demand for the coming years. Chahín emphasized the importance of maintaining a position aligned with the T-MEC zone rather than with other steel-producing countries.
On another note, a special event on gender equality in the steel industry will take place at ExpoAcero. Myrna Molina, chief operating officer of AIST Mexico, stressed the importance of empowering women in the sector by providing equal conditions in managerial positions, salaries, and benefits. This event is expected to encourage the active participation of women in the steel industry.
Overall, ExpoAcero is considered the largest event for the steel industry in Spanish-speaking Latin America, with the participation of over 4,000 attendees, including renowned speakers and exhibitors.
