Steel Mills
Monclova Expansion Boosts Steel Shipments for AHMSA
Written by Sandy Williams
November 25, 2014
Mexican steel producer Altos Homos de Mexico SA (AHMSA) reported steel shipments of 361,939 tonnes (398,962 tons) in October. Shipments reached a new high due to increased production from expansion at Monclova. Annual production capacity has been boosted to 5.5 million tons from 4.75 million tons (6.06 million tons and 5.23 million tons, respectively).
The Monclova expansion includes a new blast furnace, new electric arc furnace, continuous caster, an oxygen plant and rolling mills for plates and HRC.
For third quarter AHMSA reported shipments totaled 932,943 tonnes (1.02 million tons). At the current rate, fourth quarter shipments could exceed over 1 million tonnes (1.2 million tons).
In its guidance for 2015, AMHSA said it expects to produce 5 million tonnes (5.51 million tons) of liquid steel next year.
Sandy Williams
Read more from Sandy WilliamsLatest 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."