Steel Mills
ArcelorMittal Mexico Unswayed by Trade Threats
Written by Tim Triplett
March 6, 2018
The threats of Section 232 tariffs and the possible withdrawal of the United States from NAFTA have not swayed ArcelorMittal from its commitment to invest $1 billion in its Mexican operations.
In a statement reported on Friday, a spokesman for the integrated steelmaker said the company has no intention of changing its plans for Mexico, which include construction of a new hot strip mill at its Lazaro Cardenas unit.
Only 20 percent of the steel ArcelorMittal produces in Mexico is exported to the United States and other markets, while 80 percent is consumed locally, the company said. So, the bulk of the company’s output would be unaffected by President Trump’s proposed tariff of 25 percent on U.S. steel imports.
ArcelorMittal Mexico’s annual production will total 5.3 million metric tons when the investment program is completed over the next three years, the company said, including 2.5 million metric tons of flat rolled steel, as well as long products and slabs.
Tim Triplett
Read more from Tim TriplettLatest in Steel Mills
ArcelorMittal posts solid results as commissioning of Calvert EAF begins
AM/NS Calvert has begun commissioning its new electric-arc furnace, with plans to reach its full annual run rate of 1.65 million short tons a year from now.
Tampa Steel Conference: Tanners on rising capacities and storms brewing across steel
There's a lot of production waiting to come online
USS idles “B” battery at Clairton following explosion
U.S. Steel has idled its "B" Battery at its Clairton Coke Works near Pittsburgh following a “release of excess pressure” inside a section of the battery on Feb. 5.
ArcelorMittal to start building Calvert NGO electrical steel line this year
ArcelorMittal announced on Thursday that it will begin the construction of its new $1.2-billion electrical steel mill in Alabama later this year. The steelmaker said it is proceeding with plans to build the new greenfield mill near its existing AM/NS joint venture in Calvert, Ala. The ArcelorMittal Calvert plant will have an annealing pickling line, […]
AISI: US steel shipments rise in December
Domestic steel shipments increased month over month and year on year in December, according to the latest data from the American Iron and Steel Institute (AISI). US steel mills shipped 7,145,016 short tons (st) in December, up 0.9% from 7,082,921 st in December 2023 and 6.6% higher than 6,702,557 st in November 2024. For the full-year […]