The steel industry in Mexico is experiencing a significant boom

In mid-2024, with projected growth of between 1.5% and 2% for the following year. This growth is driven by the phenomenon of nearshoring and the increased demand from the construction sector.

The hardware market contributes 6% to the national GDP, with over 50% of hardware stores and related shops located in Mexico City. In the construction sector, the establishment of operations by more than 400 companies in the country has increased exports and the production of materials for infrastructure projects, directly benefiting the national economy.

One of the most in-demand materials is steel, as it can be used for any type of construction and various sectors. Currently, Mexico ranks 14th among the 64 countries that make up the World Steel Association, Worldsteel. Additionally, it is the second-largest supplier of this material to the United States.

American Capital Financial is in talks with a Mexican company established in 2017 that specializes in the manufacturing and distribution of high-quality industrial connections made of carbon steel and stainless steel. Its main clients are local construction companies.

Additional benefits of the increased steel production include reduced transportation costs and resources needed to deliver materials to closer countries, lower operational risks, improved product quality, and better market knowledge, which will allow manufacturing companies to develop more effective production, operation, and marketing strategies.