The Institute is a non-profit organization which pursues the following objectives:

• Study the economic, statistical, trade, technical, and scientific aspects of steel production and its raw materials;
  
  
• Look after the general interests of the region's iron and steel industry and establish links with the governments of Latin America and competent international organizations;
  
  
• Further, as much as possible, knowledge and direct, wide and complete relationship among member company executives, to promote cooperation among industrialists and the integration of Latin American iron and steel enterprises;
  
  
• Promote the exchange and dissemination of technical, economic, financial, and statistical information or of any other nature, of interest for the iron and steel sector;
  
  
• Collaborate with those initiatives that promote the efforts of iron and steel enterprises and maintain such actions that further manpower capacity building, quality improvement, productivity empowerment, and environmental preservation;
  
  
• Promote and disseminate the use of steel in Latin America and the rest of the world and
  
  
• Develop all actions and sign every contract leading to the direct or indirect fulfillment of the Institute's objectives.