# Deacero to build $1B steel plant in Mexico

Grupo Deacero will invest $1 billion over three years to build a new steel mill and acquire machinery for its plants in Saltillo and Celaya, Mexico.

- Type: New facility
- Announced: 2023-09-15
- Where: Guanajuato, Mexico, Mexico
- Value: $1.00B
- Starts operating: 2026
- Status: announced
- Products: steel, wire
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Grupo DeAcero](https://endata.com/companies/35462.md)

## Sources

- [cobertura360.mx](https://cobertura360.mx/2023/09/15/inclasificables/deacero-invertira-mil-millones-de-dolares-en-la-construccion-de-una-nueva-planta-acerera-en-mexico/), 2023-09-15: "En los próximos tres años, Grupo Deacero invertirá mil millones de dólares para construir una nueva acería y adquirirá maquinaria y equipo para fortalecer la operación de sus plantas de Saltillo, Coahuila, y Celaya."
- [bnamericas.com](https://www.bnamericas.com/en/interviews/mexicos-deacero-and-its-quest-to-reduce-carbon-emissions), 2023-10-19: "Mexican steelmaker Grupo Deacero is a key player in the industrial production chain in North America and recently announced an investment of US$1bn in a new mill in Ramos Arizpe."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.