Deacero Set to Invest $1B in New EAF Mill and Plant Updates in Mexico

Mexican steelmaker Grupo Deacero will invest $1 billion over the next three years as it aims to expand its steel production by 1.2 million tons per year, according to a local media report.

Deacero said earlier this month in a Spanish article in Reforma that it would build a new steel mill in Ramos Arizpe, a city in Mexico’s Coahuila state. The company also said it would acquire machinery and equipment to strengthen operations at its current plants in Saltillo, in Coahuila state, and in its Celaya Industrial Complex, in Guanajuato.

Ethan Bernard

Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

Ethan Bernard

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