Grupo DeAcero, one of Mexico's largest steel producers, is making a significant investment of $600 million to expand its operations in Ramos Arizpe, located in the northern state of Coahuila. This ambitious project involves the construction of a new steel mill and a production line dedicated to structural profiles, which are essential components in the construction industry. This expansion reflects the company's strategic response to increasing market demands and the growing importance of infrastructure development in Mexico.
According to company spokesperson Juan Antonio Reboulen, the expansion will enhance DeAcero's production capacity by an impressive 1.2 million metric tons per year. This increase will enable the company to better meet the needs of the construction sector, which is experiencing a surge in demand for steel beams and other structural materials. The timing of this investment is particularly relevant as the relocation of companies to Mexico creates a heightened need for industrial buildings, bridges, airports, and seaports.
The Mexican Chamber of the Iron and Steel Industry, Canacero, has noted that DeAcero is already an established player in the production of structural steel profiles. The company faces competition from other significant players in the market, such as Gerdau Corsa and Grupo Simec, who are also producing structural steel. However, with this new investment, DeAcero aims to solidify its position and increase its market share in a rapidly growing sector.
The construction of the new steel mill aligns with broader trends in Mexico's economic landscape, where infrastructure projects are gaining momentum. The government’s push for development in various sectors has made steel a crucial material. Reboulen indicated that the demand for structural profiles is not just limited to local markets but is driven by a robust pipeline of infrastructure projects across the country.
In light of this expansion, Reboulen also highlighted the company's intention to engage in dialogue with the newly elected federal government led by Claudia Sheinbaum. Starting from October 1, the company seeks to discuss potential modifications to the Law of Acquisitions and Public Works. Reboulen expressed concerns regarding the lack of clear sanctions or repercussions for non-compliance with existing regulations, which he believes could impact fair competition and operational transparency within the industry.
