EU approves new rules to protect domestic steel market Interarch Building Solutions secures ₹58 crore steel building order JSW Steel crude steel output rises 15% in May 2026 Vizag Steel Plant accident kills eight workers in molten metal spill
Mexican steel producer TYASA has launched the first phase of its Special Bar Quality (SBQ) steel project at its Veracruz complex, marking a major step in the company's expansion into high-value specialty steel products. The project is part of a broader investment program aimed at strengthening Mexico's domestic supply of specialized steel for advanced industrial applications.
The first phase adds approximately 400,000 tonnes of annual production capacity and enables the manufacture of round bars and hot-rolled flat bars designed for sectors such as automotive, oil and gas, energy, metalworking, and tool manufacturing. The expansion increases TYASA's total steelmaking capacity to around 1.6 million tonnes per year.The project forms part of a larger investment strategy valued at roughly $250 million, with additional processing, inspection, conditioning, cold-finishing, and heat-treatment facilities expected to become operational in subsequent phases. These upgrades will allow TYASA to produce higher-grade specialty steels and reduce dependence on imported products.
Industry observers view the expansion as a significant boost for Mexico's steel sector, supporting local manufacturing supply chains and enhancing the country's ability to serve demanding industrial markets. The move also reflects growing investment in value-added steel production across North America.
Also Read : BYD to establish new electric vehicle plant in Mexico, aiming for U.S. export hub Surge Seen in Mexican Steel Imports, Up by 72% in December
The biggest mining company in India, state-run Coal India Ltd., achieved its output goal for the fis...
Announcement 01-Feb-2024
India's Steel Ministry is looking to diversify its coking coal sourcing, with Russia and Mongolia hi...
Energy 03-Jul-2024
The National Mineral Development Corporation Ltd (NMDC), a state-run company, has raised its lumps a...
Mid Corporate 28-May-2024
Thermax reported an almost 88% increase in consolidated net profit to ₹237.06 crore for the December...
Mid Corporate 08-Feb-2024
Steel Authority of India (SAIL) shares moved higher on Friday, rising 0.74% to ₹156.95 in morn...
Business 20-Feb-2026
China's iron ore production declined by 12.6% year-on-year (Y/Y) in January-February 2025, as per da...
China 21-Mar-2025