Economy
Ternium Taps Andritz for Pesquería Mill Pickling Line
December 19, 2022
Ternium has named international technology group Andritz to build its new high-end push pickling line (PPL) near Monterrey, Mexico.
The new line in Pesquería will have an annual capacity of approximately 600,000 tons, and will be used mainly for the automotive and home appliance industry, Andritz said.
The company added that the line is designed for advanced, high-strength steel grades, with startup scheduled for mid-2024.
As previously reported, Ternium had announced a $1-billion investment last February to add downstream capabilities to its new 4.5-million-ton-per-year hot rolling mill in Pesquería. The project includes the pickling line and tandem cold mill with capacity of 1.5 million tons per year (tpy), a 500,000-tpy galvanizing line, and related finishing equipment.
Additionally, SMU has reported that the Latin American steelmaker is considering a new United States-Mexico-Canada (USMCA) compliant greenfield electric-arc furnace facility. Ternium said an announcement could be expected by the end of this year or in 2023.
César A. Jiménez Flores, the president of Ternium Mexico, will be speaking at the Tampa Steel Conference on Feb. 5-7. You can learn more about the event and register here.
By Ethan Bernard, Ethan@Steelmarketupdate.com
Latest in Economy
Architecture billings continue to slide in March
Architecture firms said billings continued to decline in March, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.
Beige Book shows concerns about trade policy
Manufacturing was mixed, but two-thirds of districts said activity was little changed or had declined.
New York state manufacturing index drops again in April
Firms were pessimistic, with the future general business conditions index falling to its second lowest reading in the more than 20-year history of the survey
Construction adds 13,000 jobs in March
The construction sector added 13,000 jobs, seasonally adjusted, in March, but tariffs could undermine the industry.
Supply chains, end-users brace for impact from tariffs
Supply chains are working through what the tariffs mean for them