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20 June 2023

“We believe in steel and we believe in Nuevo León”

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At a press conference attended by local and national media, Ternium announced that its new steel mill, designed to meet all the USMCA requirements will be located in Pesquería, Mexico.

On Tuesday June 20, Ternium CEO Máximo Vedoya revealed the official location for the company’s new steel mill, an investment first made public in February earlier this year. Flanked by Samuel García, the Governor of Nuevo León, the executive announced that the new steel mill would be located in Pesquería, Mexico.

The event, held at the Ternium Lab within the Pesquería Industrial Center, was also attended by César Jiménez, President of Ternium Mexico, and Iván Rivas, the Secretary of Economy of Nuevo León, as well as several industrial leaders from Ternium.

César Jiménez, President of Ternium Mexico; Máximo Vedoya, Ternium CEO; Samuel García, the Governor of Nuevo León, and Iván Rivas, the Secretary of Economy of Nuevo León.

The third stage of this megaproject kicked off last year, involving a series of investments designed to integrate operations throughout the USMCA region using the latest technology, in addition to complying with the company’s 2030 decarbonization commitment.

“Today, we are presenting the largest investment plan in Ternium's history: USD 3.2 billion dollars, all of which will be invested here in Pesquería, in Nuevo León, in Mexico,” announced Vedoya.

The state-of-the-art design of the steel mill means it will be the most modern facility on the continent. It will include one 300-ton EAF using the Consteel system, two secondary metallurgy furnaces with a capacity of 300 tons of liquid steel, one RH-type vacuum system, and one continuous casting machine with two lines.

With safety front and center of this enterprise, the new steel mill will function according to an automated scheme enabling operators to work remotely 100%. As regards environmental protection, the facilities incorporate the carbon capture technology developed by Tenova, and will be the fourth module in Ternium’s entire operation to use this methodology. The mill will also be ready to run off green hydrogen when this becomes viable and will work entirely with treated water.

“Steel is the material of the future: this is something of which we are convinced, and our new plant is a testament to this priority. Steel is the most recycled material in the world, a critical element of the circular economy. […] And secondly, steel is the most sustainable material, creating sustainable products for countless applications,” said Vedoya.

Governor Samuel García discussed the nearshoring phenomenon and the opportunities this offers for local industry. He also took advantage of the event to announce a new highway that will connect Ternium’s facilities with some of the main roadways in the state.

Thanks to this investment, 2.6 million tons of cast steel will be available in the USMCA region, leading to the creation of over 1,800 direct and indirect jobs. “We believe in steel and we believe in Nuevo León”, concluded Vedoya.

The mill is expected to start operations in the first half of 2026.

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  • 06 May 2025

    Máximo Vedoya Honored as Steelmaker of the Year at AISTech 2025

    Máximo Vedoya, Ternium CEO, was named Steelmaker of the Year by the Association for Iron and Steel Technology (AIST) during the AISTech 2025 President’s Award Breakfast, which celebrates industry leaders and innovation in the steel sector. The Steelmaker of the Year award recognizes individuals who have made significant contributions to the steel industry.

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