The Mexican steel industry estimates that it will invest US$3 billion as a whole between 2014-2016, largely due to positive economic expectations, especially as a result of energy reforms.
During an assembly of CANACERO, chairman Alonso Ancira said that with new investments, companies affiliated with the association will strengthen the position of the steel sector in the Mexican economy, which currently accounts for 2.4 percent of national GDP and 17 percent of manufacturing GDP.