Mexican steel association, Canacero, has welcomed and committed to support Mexico’s government infrastructure investment plan for the private sector. The plan announced by president Andres Manuel Lopez Obrador includes 147 infrastructure projects.
The Mexican government will “contribute” for private investments, and private companies will invest in the announced 147 projects, valued at MXN 859 billion ($43.8 billion).
“The national steel industry is ready and committed to join the 147 projects announced as well as all those that might be added in the future, assuring the quality and competitive supply (of steel products),” Canacero said in a statement.
Canacero said it is “sure” the local infrastructure investment plan will help Mexico grow.
Canacero-afilliated steelmakers include Altos Hornos de Mexico (AHMSA), ArcelorMittal Mexico, manganese producer Minera Autlan, Deacero, Gerdau Corsa, Posco Mexico, Tubacero, Ternium Mexico, Tenaris Tamsa, and Grupo Simec, among others.