The steel industry in Mexico is one of the most important for Foreign Direct Investment (FDI), receiving in the first quarter of the year $1.94 billion; with that amount it was ranked in second place of preference for investors in the 280 branches that divide the Mexican economy, according to a SteelOrbis analysis of data from the Ministry of Economy.
The FDI in the steel sector is the second most important in the first quarter, only surpassed by the $5.26 billion of investment in banking, a figure that represented 28.3 percent of the $18.64 billion of FDI that Mexico captured in the first quarter. The steel industry contributed 10.4 percent of the total.
In the historical period, from January 2006 to March 2023, the steel industry in Mexico received $14.65 billion, with that amount ranking seventh in interest among foreign investors by contributing 2.72 percent of the $538.7 billion of FDI captured by Mexico in that period.
In that 17-year period, the main investor magnet was banking with 9.81 percent of the total, followed by the beverage industry with 7.77 percent, vehicle and truck manufacturing contributed 6.54 percent, the auto parts industry contributed 6.13 percent, metal ore mining contributed 5.30 percent, and sixth place was the natural gas pipeline industry contributed 2.74 percent of the historical total.