Mexico is set to experience significant growth in its steel industry due to factors such as nearshoring, which involves relocating production closer to the U.S., and the implementation of a 25% tariff on steel imports from countries without free trade agreements. Juan Antonio Reboulen, president of the National Chamber of Iron and Steel Industry (Canacero), highlights that nearshoring offers Mexico a new era of industrial development, particularly in key sectors like steel, which creates 6.5 million jobs and ranks as the 14th most important globally.

Furthermore, Reboulen points out that changes in the dynamics of global value chains are paving the way for new opportunities in Mexico. The discussion centers around how the steel sector is essential for boosting these chains and adapting to new manufacturing models. The steel industry's position at the heart of this transformation indicates its critical role in the future of manufacturing in Mexico and suggests a shift towards more regionalized production.

As the industry stands to benefit from these developments, Mexican steelmakers could become more competitive on a global scale, enhancing their capacity to innovate and respond to market demands. The combination of nearshoring and tariff policies underscores Mexico's strategic advantages, positioning the country as a vital player in the evolving landscape of industrial production and trade.