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Revision of the USMCA in 2026 and its impact on mining and energy

Scarlet Ibarra / March 25, 2024 | 20:09
The revision of the United States-Mexico-Canada Agreement (USMCA) scheduled for 2026 is shaping up to be a crucial moment for the North American region.

According to Raúl Gutiérrez Muguerza, Chairman of the Deacero Group Council, this review holds paramount importance due to the growing trend towards the regionalization of economies. North America, a bloc united by economy, food, energy, demographics, and technology, is in a privileged position to strengthen regional integration and tackle future challenges.

Sustainability emerges as a central theme in the upcoming USMCA review. Experts anticipate the establishment of stricter environmental standards in key sectors, aiming to reduce carbon footprint and promote sustainable practices. In this context, the North American steel industry, already favorably positioned for its low CO2 emissions, has the opportunity to lead the transition towards cleaner and more efficient production.

Grupo Deacero, a pioneer in this endeavor, has committed to reducing CO2 emissions by over 50% per ton of steel produced by 2030, utilizing 30% renewable energy in its production process. Additionally, the implementation of circular economy practices underscores the group's commitment to minimizing environmental impact through reuse, recycling, and waste reduction.

With 19 plants, three steel mills, and an extensive recycling network, Grupo Deacero is not only an industrial giant but also a key employer in the region, particularly in Nuevo León, where it provides 3,000 direct jobs. Its expansion to over 20 countries in the Americas and Europe showcases the North American mining and energy industry's ability to compete in the global market while maintaining a steadfast commitment to sustainability.

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