TYASA reinforces its leadership with an investment of US$450 million in specialized steel

TYASA, one of the main steel producers in Mexico, has announced an investment of US$450 million in order to strengthen its production capacity, replace imports and consolidate its position as a key supplier to the automotive industry and other strategic sectors.

This ambitious initiative seeks not only to increase the production of special steel, but also to promote the competitiveness of domestic manufacturing and reduce dependence on foreign inputs.

The investment will enable the construction of a rolling mill for special steel bars, as well as the expansion of its galvanizing and finishing lines, which will result in a greater diversification of its product portfolio.

During ExpoAcero in Monterrey, Oscar Chahin, TYASA's CEO, explained that US$250 million will be allocated to the installation of the new special steel bar rolling mill, which will have a production capacity of 350,000 tons per year.

This project, which is expected to be completed by the end of 2025, is designed to reduce steel imports currently coming from the United States, Canada and Asia by up to 40%.

"Mexico's automotive industry continues to rely heavily on imported steel. With this new project, we hope to replace a significant portion of those imports and consolidate our position as a supplier of high-value steels for sectors such as mining and aerospace," said Chahin.

He also noted that the production of specialty steels will strengthen the supply chain in the region, benefiting auto parts manufacturers and other key industry players.

The remaining US$200 million will be used to expand the wire galvanizing lines and improve finishes in construction products, including tubulars and poles. These investments will allow TYASA to offer steel with higher quality standards, strengthening its position in the domestic and international markets.

In addition to the impact on production capacity, the investment will generate significant economic and employment benefits. It is estimated that more than 1,000 direct and indirect jobs will be created during the construction of the new rolling mill, as well as 350 permanent jobs once the new production lines are in operation.

"Our commitment to the region is firm. We want to generate well-paying jobs and contribute to the economic development of Veracruz and the southeast of the country," said Chahin.

In this sense, TYASA has implemented training and scholarship programs in collaboration with local universities, in order to train a new generation of specialists in the steel industry.

TYASA's investment comes against a backdrop of increasing challenges for the steel industry in Mexico, particularly in the face of U.S. trade protectionism, which recently imposed a 25% tariff on Mexican steel exports. In this scenario, the company seeks to strengthen its regional production to reduce dependence on imports and foster the development of a more integrated supply chain in North America.

With a main plant in Veracruz and distribution centers in Silao, Merida and Arriaga, TYASA is committed to a strategic expansion to supply both the domestic and international markets. The company reaffirms its commitment to innovation and sustainability, investing in more efficient and environmentally friendly production technologies, which will allow it to maintain its leadership in the Mexican and global steel industry.