In order to meet the strong demand for steel products in Mexico, the steel manufacturer Ternium planned to add 600,000 tons of production capacity at its Pesqueria plant in Mexico. Ternium's Pesqueria added a new plate hot rolling mill after it went into production in May this year.

The company expected the Mexican industrial market would be the main driver of sales growth in the second half of the year. The demand for steel in this market is very strong.

In addition, end-user demand in manufacturing industries such as motors and household appliances has hit a record high, which has greatly increased steel consumption. Also, Mexico's automotive industry has strong demand.