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
Consumer auto delinquencies: Warning sign for consumer health?
The Consumer Federation of America estimates rising total auto debt at a staggering $1.66 trillion, along with increasing repossessions and a sharp increase in delinquencies.
Beige Book: Regional market growth remains mostly flat
Economic growth in some US regions in September was offset by challenges in others, causing the market to appear largely unchanged overall, according to the Federal Reserve’s latest Beige Book report.
ISM September survey captures deepening manufacturing gloom
The Institute for Supply Management’s (ISM) latest monthly report on manufacturing reflects a bleak view of American industry in September.
Key industries concerned over government shutdown’s impact on steel, manufacturing
Trade groups cautioned that a prolonged shutdown could strain US industry.
Chicago Business Barometer catches cold winds of contraction in September
The Chicago Business Barometer's September reading indicates a softening in overall business activity in the Midwest for the third consecutive month, with new orders and backlogs retreating further.