The peso starts the session with an appreciation of 0.86% or 18.6 cents, trading around 21.31 pesos per dollar, with the exchange rate touching a minimum of 21.2250 and a maximum of 21.5727 pesos per dollar. Likewise, the appreciation of the peso is due to a correction movement
ArcelorMittal reported that it will invest 200 million dollars in Mexico during 2021 to complete a new hot rolling plant at its steel complex in Lázaro Cárdenas, Michoacán. The company‘s capital expenditures were $ 2.4 billion in 2020 and $ 3.6 billion in 2019. Over the past year,
Mexico and Canada gained shares in the US finished steel market in 2020, according to data from the American Iron and Steel Association and ArcelorMittal estimates for the month of December. Traditionally, the majority of US imports of finished steel have come from Canada and Mexico, representing approximately
The peso closed the session with a depreciation of 0.97% or 20.7 cents, trading around 21.52 pesos per dollar, with the exchange rate touching a minimum of 21.2141 and a maximum of 21.6357 pesos. The peso accumulates a depreciation of 4.44% in the last four sessions. During the
Global value chains break down production processes into discrete stages in various locations around the world to achieve efficient production, allowing companies to strategically organize different parts of their value chain, such as locating in the domestic market of a target customer or on the basis of a
The Federal Economic Competition Commission (Cofece) of Mexico authorized the merger between Argonaut Gold lnc., Alliant Gold Corp. and Pinehurst Capital II Inc. On November 20, 2020, Argonaut AP Mining and Pinehurst notified Cofece of their intention to carry out a concentration. The foregoing in accordance with the