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Análisis comparado de las trayectorias estratégicas de empresas siderúrgicas latinoamericanas. Desarrollo interno y contexto histórico


  • Rita Giacalone

    () (Universidad de Los Andes)


Large Latin American companies which remain under family control increasingly employ professionals at the executive level and have part of their capital in the stock market. This is the case of Hylsa/Hylsamex, property of the Alfa Group (Mexico), and of Siderca (Ternium) and Siderar (Tenaris) belonging to Techint (Argentina). They followed similar and different strategies along the last decades, until in 2005 Techint acquired Hylsamex and integrated it into its transnational Ternium. These divergent strategies – Alfa abandoned steel production, while Techint concentrated on it – have taken place within the same sector context, so this article explores the role played in these decisions by their national contexts and their own internal development. Comparative historical analysis is used in order to contrast strategies and nacional contexts. KEY Classification-JEL: N86, N16, N66, L21

Suggested Citation

  • Rita Giacalone, 2010. "Análisis comparado de las trayectorias estratégicas de empresas siderúrgicas latinoamericanas. Desarrollo interno y contexto histórico," Investigaciones de Historia Económica (IHE) Journal of the Spanish Economic History Association, Asociacion Espa–ola de Historia Economica, vol. 6(01), pages 43-72.
  • Handle: RePEc:ahe:invest:v:06:y:2010:i:01:p:43-72

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    More about this item


    Companies; Latin America; Steel; Strategies;

    JEL classification:

    • N86 - Economic History - - Micro-Business History - - - Latin America; Caribbean
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • N66 - Economic History - - Manufacturing and Construction - - - Latin America; Caribbean
    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm


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