Steel Mills

Ternium to Invest $225 Million in Guerrero Plant
Written by John Packard
September 3, 2013
On July 22nd the Ternium Guerrero plant suffered an explosion during maintenance at the electric arc furnace (EAF) which resulted in the deaths of 11 employees.
Late last week Paulo Rocca, Ternium CEO, announced the company was investing $225 million on plant safety, environmental measures, maintenance and remodeling of the Guerrero facilities.
In a press release Ternium defined the industrial safety measures being taken as including, “expanding monitoring systems, installing additional detectors inside each industrial space, reinforcing ventilation systems and outlining new signage and evacuation routes.”
The company is also modifying their organization of the mill and is making changes in the scrap and slag holding areas as well as mineral and transfer yards.
The Guerrero plant was built in the 1940’s and employs 3,900 people of the 9,200 workers Ternium has in Mexico.

John Packard
Read more from John PackardLatest in Steel Mills

Ternium pushes forward with growth projects despite slump in earnings and Mexican market
Ternium S.A. Fourth quarter ended Dec.31 2024 2023 Change Net sales $3,876 $4,931 -21.4% Net income (loss) $333 $554 -39.9% Per diluted share $1.43 $2.11 -32.2% Full year ended Dec.31 Net sales $17,649 $17,610 0.2% Net income (loss) $174 $986 -82.4% Per diluted share $(0.27) $3.44 -108% (in millions of dollars except per share) While […]

Kestenbaum, Ancora state their case in proxy fight for U.S. Steel
Ancora Holdings is moving forward with its proxy fight to oust U.S. Steel’s leadership and install a new board of directors and Alan Kestenbaum as CEO.
BlueScope shelves midstream facility but still upbeat on US
BlueScope Steel is pulling back on its expansion plans in the US for now but remains optimistic about the North American market.

Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]

Trump says Nippon will ‘invest heavily’ in USS rather than buy it
Nippon Steel has agreed to “invest heavily in U.S. Steel as opposed to own it,” President Donald Trump said on Friday during a press conference with Japanese Prime Minister Shigeru Ishiba. U.S. Steel is “a very important company” and was once “the greatest company in the world”. Of potential foreign ownership of the Pittsburgh-based steelmaker, Trump said, “the concept, psychologically, not good."