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.
"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.”
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.
With the upcoming elections in November, a cautious optimism fills the air as Chile’s largest industry seeks to capitalize on the global demand for its reserves of vital minerals and metals.