Steel Mills
AHMSA Moves Forward with Coating Plant
Written by Sandy Williams
June 13, 2019
Mexican steel producer, Altos Hornos de Mexico, S.A.B. de C.V. (AHMSA) has reached an agreement with South Korea’s Paco Engineering to build Mexico’s first coated galvanized steel sheet plant. The new $20 million plant in Monclova will be able to process 90,000 tons of cold rolled sheet per year.
“The painted sheet plant is one more step of AHMSA in the development program of steels with high added value and at the same time it will allow to replace imports,” said AHMSA General Director Luis Zamudio Miechielsen.
The investment complements an agreement signed with Korean company POSCO, which plans to galvanize cold rolled sheets, produced by AHMSA, at its plant located in Altamira, Tamaulipas.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
USS/Nippon deal: Who will have the happiest holidays?
Will Santa bring gifts for the leadership, employees, and shareholders of U.S. Steel and Nippon Steel, and lumps of coal for USW leadership and politicians opposed to the deal?
‘Orderly liquidation’ of AHMSA assets begins
A trustee has formally taken over AHMSA and begun the liquidation process of the bankrupt Mexican steelmaker.
Nippon buying stake in Canadian iron ore project
Nippon Steel and a Japanese trading company have entered an agreement to buy a 49% interest in a Champion Iron ore project in Canada.
USS anticipates Q4 loss on weak demand, BR2 start-up
Amid a challenging pricing and demand environment, and with the ongoing ramp-up of the Big River 2 mill, USS is anticipating a loss for the fourth quarter.
Nucor blames steel mills segment for depressed Q4 guidance
Nucor cited decreased volumes and prices in it steel mills segment as the key driver of its lower guidance for the fourth quarter.