Company Announcements
April 30, 2026
Mexico signs steel-industry pact to boost domestic production
Written by Laura Miller
Mexico’s federal government and the country’s national steel chamber, Canacero, signed a new Agreement for the Promotion of the Mexican Steel Industry. This positions the steel sector as a core pillar of the national Plan Mexico industrial strategy.
The association called the move a “historic milestone” for national industrial development.
The pact aims to increase public procurement of Mexican-made steel, strengthen industrial policy, expand financing tools, and support new investment.
The government detailed expected steel demand for public works, including roughly 150,000 tons of rebar and 50,000 tons of structural steel in 2026, plus more than 1 million tons over the six-year term for passenger-rail construction.
Canacero said the agreement helps protect nearly 90,000 direct jobs and secures $8 billion in ongoing steel-sector investments. The chamber also committed to quality, on-time delivery, competitive pricing, and higher national-steel content in public infrastructure projects.
Industry groups, including Canadevi and CMIC, backed the pact, linking it to expanded housing construction and stronger domestic supply chains. CEOs from major producers – including Ternium, Tenaris, Gerdau Corsa, Simec, Grupo Acerero, Autlan, and Tubacero – attended the signing.
The president of Canacero, Sergio de la Maza, said the deal “lays the foundation for a stronger, more competitive steel industry” and supports efforts to cut emissions across the sector.
Mexican President Claudia Sheinbaum, speaking at the signing, said the agreement reinforces national production, positions Mexico to compete globally, and supports strategic supply chains.
Canacero thanked federal agencies and industry chambers for participating in the negotiations and said it will work with the government to implement the commitments.
