Monterrey Is a Global Leader in Steel and Metal Fabrication
Monterrey is a world leader when it comes to steel manufacturing and metal fabrication. This city has been home to some of the largest and most innovative steel companies for more than a century, producing quality products that are used in several industries around the world.
Steel Manufacturing and Metal Industry in Monterrey
The steel and metal products manufactured in Monterrey are renowned for their superior quality, strength, and longevity. The industry provides a variety of products that are used in sectors such as construction, automotive, mechanical engineering, and infrastructure.
The success of the steel industry in Monterrey has been recognized around the world, with many companies receiving awards for their commitment to excellence. Companies such as Aceros Estrella, Mecanizados Especializados, and Aceros del Norte have all earned recognition for their innovation and quality.
Many Monterrey-based steel companies have incorporated local suppliers into their production process, enabling them to reduce their costs and provide more competitive services for customers. Additionally, these companies are also investing in research and development projects with universities throughout the region. These initiatives are helping to drive innovation in the sector and create new products that meet customer needs.
Moreover, Monterrey’s steel industry has grown exponentially in recent years due to the city’s favorable geographical location, access to raw materials, and a secure supply of electricity.
Recently, companies in steel and metal fabrication have shown interest in establishing an operation in Monterrey. One of them is Welded Tubes. This Orwell, Ohio-based company has announced plans to open a 55,000 sq. ft. facility in Monterrey. Operations are scheduled to begin in early 2024, with a focus on small-diameter, tight-tolerance tubing for the automotive industry.
Metal Fabrication : The Process and Emerging Technologies
Monterrey’s steel industry is not only a reliable supplier of high-quality steel but an innovator in the sector as well. Companies in Monterrey have adopted modern technologies such as laser cutting and 3D printing to create unique solutions for complex engineering and manufacturing challenges. These advances have enabled the industry to create new products that meet evolving customer needs.
Steel fabrication involves taking raw materials and shaping them to their desired form. The raw materials are melted down and mixed into steel before being constructed into the desired shape. The process requires a skilled technician who has experience in taking raw components and transforming them into marketable items, and there is often very little room for error. The quality control for this industry is very strict.
Industrial facilities use steel fabrication to create all sorts of products from auto parts to household appliances.
The basic methods of fabricating include cutting or burning, forming, machining, or welding.
A Continuous Growth Trend in the Industry
This industry is rapidly growing worldwide. Globally, the sheet metal fabrication services market is projected to grow at a compound annual growth rate (CAGR) of 2.85% from US$15.418 billion in 2021 to US$18.767 billion in 2028, according to a recent market analysis published by Knowledge Sourcing Intelligence.
Furthermore, North America is expected to hold a sizable share of the sheet metal fabrication services market during the forecast period due to the rising demand from the aerospace sector, growing adoption of advanced manufacturing technologies, and increasing construction activities.
In Mexico steel manufacturing and metal fabrication exports grew 24.27% in 2022, compared to 2021, according to INEGI. The industry had an export record in 2022 and this upward trend continues this year.
Some of the prime factors propelling the market growth of sheet metal fabrication services include the rising e-commerce industry, expanding manufacturing sector, growing aerospace industry, rising focus on operational efficiency, and technological advancements.
If you are interested in setting up a metal and steel production facility in Monterrey, schedule a free consultation with one of our Industry experts.