Introduction to Ternium and its CEO, Máximo Vedoya
Ternium, a leading steel producer in Latin America, is led by its CEO, Máximo Vedoya. With over 9,000 employees and 12 production and distribution centers across Mexico, Ternium plays a crucial role in the steel industry. Vedoya’s recent recognition as “Steelmaker of the Year” by AIST (Association for Iron & Steel Technology) underscores his commitment to advancing the sector.
The T-MEC Steel Trade Deficit and its Growth
The T-MEC (Trade Agreement between Mexico, the United States, and Canada) region has seen a significant increase in its steel trade deficit with Asia. In 2000, the deficit was $7,500 million; by 2023, it had grown to $37,400 million.
Vedoya’s Call to Action at AISTech 2025
During his speech at AISTech 2025, the premier steel industry conference globally, Vedoya emphasized the need to rejuvenate and strengthen the T-MEC’s role in protecting quality jobs, fostering sustainable growth, and reducing reliance on Asian imports.
Regional Steel Trade Data
- In 2023, the United States exported 4.1 million tonnes of finished steel to the Mexican market.
- Mexico, in turn, shipped 2.3 million tonnes of steel to the US market.
Vedoya highlighted these figures, stating, “This demonstrates our shared commitment to combating unfair trade practices, with China being our common adversary.”
Ternium’s Advanced Steel Plant in Mexico
AIST honored Vedoya for developing a state-of-the-art steel plant within Ternium’s industrial complex in Pesquería, Mexico. This cutting-edge facility, equipped with Tenova technology, will commence operations in 2026 with a production capacity of 2.6 million tonnes of low-emission steel, catering primarily to the automotive industry.
Ternium’s Operations and Impact
With 12 production and distribution centers across Mexico, Ternium contributes significantly to the country’s industrial landscape. The company’s activities support local economies and provide employment opportunities for over 9,000 individuals.
Key Questions and Answers
- What is Ternium? Ternium is a prominent steel producer in Latin America, with operations spanning across Mexico.
- Who is Máximo Vedoya? Máximo Vedoya is the CEO of Ternium, recognized for his contributions to the steel industry and commitment to sustainable growth.
- What is the T-MEC steel trade deficit with Asia? The T-MEC region’s steel trade deficit with Asia has grown from $7,500 million in 2000 to $37,400 million in 2023.
- What is Vedoya’s proposal to address the deficit? Vedoya proposes relocating manufacturing within North America to reduce the trade deficit, emphasizing quality jobs and sustainable growth.
- What is the new steel plant in Pesquería, Mexico? Ternium’s advanced steel plant in Pesquería, equipped with Tenova technology, will produce 2.6 million tonnes of low-emission steel annually, targeting the automotive industry.
