Mexican steelmaker TYASA unveiled a US$450 million investment plan to expand its production capacity and reduce reliance on imported steel. The initiative includes building a new rolling mill for special steel bars and expanding galvanizing and finishing lines, aiming to replace up to 40% of current imports from the US, Canada, and Asia.

CEO Oscar Chahin announced that US$250 million will go toward the new rolling mill, which will produce 350,000 tons annually, while US$200 million will enhance wire galvanizing and construction product lines.

The project, expected to be completed by late 2025, will generate over 1,000 jobs during construction and 350 permanent jobs. TYASA also collaborates with local universities to train future industry professionals. Amid trade tensions and rising tariffs, TYASA seeks to bolster domestic supply chains and reinforce its leadership in the automotive, mining, and aerospace sectors.