The 56,000-square-foot Monterrey facility will serve as a general line service center and carry a wide range of carbon, aluminum and stainless steel products in a variety of different shapes, similar to the product lines Ryerson stocks throughout North America.
Ryerson has been actively serving the Mexican market from the border states of Texas, Arizona and California for many years.
In 2008, Ryerson sold its stake in a joint venture with a Mexican steel distributor and started developing the company's ability to serve the Mexican market independently.
In 2009, Ryerson established a location in Nogales, Mexicali, and opened a new facility in McAllen, Texas, to better service customers from the Laredo-Nuevo Laredo area down to Brownsville-Matamoros.
"North American and other global manufacturers continue to increase investment in Mexico and the Monterrey facility allows us to better serve this important and growing customer base," said Matthias Heilmann, Ryerson's Chief Operating Officer. "We will continue to build our capabilities to serve the dynamic Mexican market."
Ryerson Inc., a Platinum Equity company, is a distributor and processor of metals in North America. The Company services customers through a network of service centers across the United States, Canada, Mexico and China.