1945

Corporate strategies in the Latin American iron and steel industry: Consolidation, growth and crisis

Latin America’s iron and steel industry has experienced strong growth in recent years, with significant flows of foreign direct investment (FDI), followed by a sudden adjustment as a result of the economic crisis. Starting in the early 1990s, the industry had undergone major transformation, with most companies in the region being privatized. Not only did this open the door to mergers and acquisitions and to consolidation into larger groups, it also fostered the foreign expansion of Latin American transnational companies (trans-Latins). Investment strategies in the region were marked by a steady increase in demand during the first decade of this century and the customary increase in iron-ore prices. In this new context, the iron and steel industry retained its status as a basic industry attracting special attention from Governments. Investment strategies in the iron and steel sector depend on the global strategies of transnational companies in the sector and on the world economic situation, which determines demand. They also depend on individual countries’ industrial policies and local capacity-building.

Related Subject(s): International Trade and Finance
Sustainable Development Goals:
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