The steel industry in Mexico is one of the most important for Foreign Direct Investment (FDI), ranked fourth among sectors. In 2022 the sector received $2.14 billion, according to data from the Ministry of Economy (SE), analyzed by SteelOrbis.
In 2022, investment in the steel industry increased 674 percent, compared to 2021 when it captured $276 million.
Last year's investment was the third largest in a quarter of a century. The historical record was in 2007 with $3.55 billion. ArcelorMittal participated in that amount with the purchase of Sicartsa assets for more than $1.4 billion from Julio Villarreal, the owner of the Villacero steel processor.
The second largest inflow of FDI into the steel industry was in 2005 with $2.76 billion. That is where the sale of what was Hylsamex came in, today renamed Ternium México. At that time, the Italian-Argentine Techint paid $2.2 billion.
The government divides the economy into more than 280 sectors, of which the steel industry (Basic Iron and Steel Industry) ranked fourth in preference among investors, only surpassed by the manufacture of vehicles and trucks, which received $2.70 thousand in billion FDI in 2022.
In 2022, Mexico as a country received $35.29 billion of FDI and in the accumulated 1999-2022 it received $674.54 billion.