A Mexican business periodical, in its profile of steelmaker DeAcero, quotes the firm’s executives as pointing to scrap recycling as an underpinning of the firm’s success.

The article on the Expansión website, refers to DeAcero as “once a small workshop” that is now “one of the most important companies in the production of steel in Mexico.” The article adds, “Today it grows thanks to recycling.”

In the article, DeAcero Director of Investor Relations Juan Antonio Rebouda is quoted as saying, “All our production is based on the recycling of steel that is discarded from appliances, cars and various industries.”

DeAcero now operates 19 scrap recycling facilities in Mexico, plus one in the United States, according to the article.

DeAcero’s use of scrap in electric arc furnace (EAF) steel mills has allowed the company to double in size in the past 20 years, and “it now exports its products to 20 countries and has 7,490 employees.”

The Expansión article also offers data from Mexico’s National Chamber of Steel (Canacero), which says of the 19 million tons of steel produced in Mexico annually, 34 percent of it is made from ferrous scrap.

DeAcero currently has steelmaking capacity of 4.5 million tons annually.