Market size and recent performance (2009-2024)
Industry revenue has grown at a CAGR of 0.9% over the past five years, to reach an estimated $246.3bn in 2019.
Trends and Insights
- The world price of steel experiences drastic fluctuations, which affects industry revenue growth
- Additional trends and insights available with purchase
Biggest companies in the Iron & Steel Manufacturing in Mexico
| Company
2019 | Market Share (%)
2019 | Revenue ($m)
2019 | Profit ($m)
2019 | Profit Margin (%)
2019 |
|---|---|---|---|---|
Ternium SA | ||||
Altos Hornos de México SAB de CV | ||||
ArcelorMittal SA |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Steel ingots and semifinished forms, Hot-rolled steel products and Cold-rolled steel sheet and strip. Steel ingots and semifinished forms is the largest segment of the Iron & Steel Manufacturing in Mexico.
Trends and Insights
• The Iron and Steel Manufacturing industry in Mexico produces a plethora of products for varied downstream uses.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Iron and Steel Manufacturing industry in Mexico consists of operators primarily engaged in the manufacturing of various forms of steel and iron, including pig iron in molten or solid form and steel and ferroalloys. Operators also produced finished products from these inputs, such as pipes, tubes, wire rods, angles and coke. Industry operators may also produce metal slabs crafted from iron and ferroalloys. This industry is highly volatile since revenue is strongly tied to the world price of steel. Operators are able to leverage higher selling prices when the price of steel increases, resulting in revenue gains. However, when the world price of steel declines, operators must lower their prices to remain competitive with other domestic and international players. Moreover, the world price of steel experiences drastic fluctuations because it is influenced by global supply and demand trends. Nevertheless, industry revenue is somewhat buoyed by clearly defined markets, including various industrial markets, the automotive manufacturing market and international buyers.
What's included in this industry?
Direct reduction of iron oreManufacturing and converting pig ironProducing steel through the combination of coke and iron ore in blast furnacesProducing steel by melting recycled scrap steel, usually with pig iron, in electric arc furnacesProducing steel through the use of open-hearth furnacesManufacturing cold-rolled and hot-rolled steel productsManufacturing basic steel shapes (e.g. bar, plate, rod, sheet, strip and wire)Forming pipes and tubes from self-produced steelManufacturing and converting ferroalloysSteel ingots and semifinished formsHot-rolled steel productsCold-rolled steel sheet and stripCold-finished steel bars and shapesTubular productsManufactured slabs and ferroalloysOtherCompanies
Ternium SAAltos Hornos de México SAB de CVArcelorMittal SAPurchase this report to view all 4 major companies in this industry.
Related Terms
BLAST FURNACEELECTRIC ARC FURNACEOPEN HEARTH FURNACEIndustry Code
NAICS 33111MX - Iron & Steel Manufacturing in Mexico
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
World price of steel. The world price of steel shifts in response to global supply and demand for steel and its inputs, primarily iron and coal. Industry operators typically b...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2009-2018) and forecast (2019-2024)
- Employees, including historical (2009-2018) and forecast (2019-2024)
- Businesses, including historical (2009-2018) and forecast (2019-2024)
- Profit, including historical (2009-2019)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
• The Iron and Steel Manufacturing industry in Mexico produces a plethora of products for varied downstream uses.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2019
- Product innovation level
Charts
- Products & services segmentation in 2019
- Major market segmentation in 2019
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Operators in the Iron and Steel Manufacturing industry in Mexico tend to locate their establishments close to upstream suppliers and downstream industries. This includes locat...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2019
Tables
- Number and share of establishments in each region in 2019
- Number and share of revenue each region accounts for in 2019
- Number and share of wages each region accounts for in 2019
- Number and share of employees in each region in 2019
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Ability to pass on cost increases. The ability to pass on cost movements is important to maintain profitability and competitiveness because raw materials are the largest cost ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2014-2019
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Ternium SA (Ternium) was founded in 2005, following the merger of three companies: Siderar of Argentina, Sidor of Venezuela and Hylsa of Mexico. Ternium has grown to the becom...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2015 through 2019
- Major companies in the industry, including market share, revenue, profit and profit margin in 2019
- Overview of Ternium SA's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Altos Hornos de México SAB de CV's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of ArcelorMittal SA's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Ternium SA, and factors influencing its performance in the industry
- Description and key data for Altos Hornos de México SAB de CV, and factors influencing its performance in the industry
- Description and key data for ArcelorMittal SA, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Iron and Steel Manufacturing industry in Mexico is subject to a moderate level of regulations, and this trend is increasing. While the industry has historically benefited ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2009-2024)
- IVA (2009-2024)
- Establishments (2009-2024)
- Enterprises (2009-2024)
- Employment (2009-2024)
- Exports (2009-2024)
- Imports (2009-2024)
- Wages (2009-2024)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Iron & Steel Manufacturing industry in Mexico in 2019?
The market size of the Iron & Steel Manufacturing industry in Mexico is $246.3bn in 2019.
How many businesses are there in the Iron & Steel Manufacturing in Mexico industry in 2019?
There are 20 businesses in the Iron & Steel Manufacturing industry in Mexico, which has declined at a CAGR of 2.1% between 2014 and 2019.
Has the Iron & Steel Manufacturing industry in Mexico grown or declined over the past 5 years?
The market size of the Iron & Steel Manufacturing industry in Mexico has been at a CAGR of 0.9% between 2014 and 2019.
What is the forecast growth of the Iron & Steel Manufacturing industry in Mexico over the next 5 years?
The Iron & Steel Manufacturing in Mexico market is forecast to over the five years from 2019 to 2024
What are the biggest companies in the Iron & Steel Manufacturing market in Mexico?
The biggest companies operating in the Iron & Steel Manufacturing market in Mexico are Ternium SA, Altos Hornos de México SAB de CV and ArcelorMittal SA
What does the Iron & Steel Manufacturing in Mexico include?
Direct reduction of iron ore and Manufacturing and converting pig iron are part of the Iron & Steel Manufacturing industry.
Which companies have the highest market share in the Iron & Steel Manufacturing in Mexico?
The company holding the most market share in Mexico is Ternium SA.
How many people are/were employed in the Iron & Steel Manufacturing in Mexico in 2019?
There are 26,645 employed in the Iron & Steel Manufacturing industry in Mexico 2019.
Widen your competitive advantage with related industries
Related Domestic Industries
- Firms in this industry manufacture structural metal products such as metal frameworks, parts for construction and industrial frameworks
Methodology
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