ArcelorMittal plans to expand steelmaking in Mexico. Capacity should rise from 3.7 million metric tons a year to almost 5.3 million by 2029. The company will modernise its continuous casting line & install new cranes. It is also building a $180 million iron ore processing plant at Las Truchas, opening in mid-2027. That will lift long products output by 500,000 metric tons. The business has been reorganised into three divisions covering mining, long products & flat products.