MEXICO CITY Gerdau
Special Steel North America plans to increase sales to the
Mexican market over the next few years, a top executive
Shipments of specialty steel
products to the Latin American nation could increase by "20,000
or 30,000 tonnes per year" over three or four years to meet
growing demand from the automotive industry, Gerardo
Knochenhauer, sales manager in Mexico for the Gerdau SA
subsidiary, told AMM sister publication Steel
First on Feb. 8.
More material to feed the
Mexican market will become available as expansion projects come
on stream at the companys Monroe, Mich., plant.
The companys sales to
Mexico have been increasing significantly for several years,
"Ten or eleven years ago, we
used to sell 20,000 tonnes per year just in our division, but
last year, we shipped 140,000 tonnes of special steel products
(to Mexico)," he said.
Gerdau sees great potential in
Mexico, he added, as the country has been driven by several
automotive projects as well as expansion ventures in other
sectors that consume special steel products.
In the automotive industry
alone, "almost $16 billion" in investments are expected over
the next few years, with Mexico set to become "the
seventh-largest producer and the third-largest exporter in the
world," according to Jesús Serrano Landeros, director of
heavy industries and high technology at the Mexican ministry of
In the first phase of this latest expansion, overall
installed capacity for special steel at Gerdaus Monroe
plant will increase by 300,000 tons per year (
amm.com, Oct. 24).
A version of this article
was first published by AMM sister publication Steel