Steel Mills
ArcelorMittal Mexico to return to full production next week
Written by Laura Miller
October 9, 2024
After a complete stoppage earlier this year, ArcelorMittal Mexico’s steel mill in Lazaro Cardenas, in the state of Michoacán, will soon return to full production.
The company announced it previously restarted flat product production and will return to making long products on Oct. 16.
It noted that the mill’s capacity for manufacturing long products is 1.5 million metric tons per year (mtpy). The restart will help the company reach the mill’s total production capacity of 5.3 million mtpy.
“This milestone represents the company’s full return to the Mexican steel market, after a gradual reactivation process,” the company said in a statement translated from Spanish.
Recall that a labor strike earlier this year forced the mill to close for 55 days. The steelmaker and local mining union reached an agreement to end the work stoppage in July.
The mill on Mexico’s west coast operates one blast furnace for manufacturing long products, including bars and wire rod. It also has four electric-arc furnaces for making flat products.
In 2023, the mill produced 3.8 million mt of crude steel, with 2.8 million mt of flats and 1.0 million mt of longs.
Victor Cairo, CEO of ArcelorMittal Mexico, emphasized that resuming operations is important for both the company and the local economy.
“The restart of the plant in Michoacán not only marks the return to its maximum production capacity, but also contributes to the development of critical infrastructure for Mexico and the strengthening of the country’s industrial sector,” the company said.
Laura Miller
Read more from Laura MillerLatest in Steel Mills
SDI named among 100 most sustainable corporations
The Fort Wayne, Ind.-based company was ranked 29th overall
SDI bullish on Sinton as capacity utilization passes 80% threshold
Steel Dynamics Inc. (SDI) remains upbeat about progress at its Sinton, Texas, sheet mill and expects it to be profitable in the upcoming months. “The Sinton team gained considerable momentum in the last two months—running above 80% capacity—and they are doing even better in January, with expectations to reach profitability in the coming months,” SDI Chairman and CEO Mark Millett said in a Q4’24 earnings call on Thursday.
Bedrock’s Kestenbaum talks MUSSGA, Trump, and tariffs
Alan Kestenbaum was the featured speaker at SMU’s Community Chat on Wednesday, where he discussed US Steel, tariffs, climate policy and other topics.
SDI posts lower Q4 profit, predicts better times in ’25
Steel Dynamic Inc.’s profits narrowed in the fourth quarter of 2024 on lower prices, import competition, and continued losses from its sheet mill in Sinton, Texas. The Fort Wayne, Ind.-based steelmaker said results also suffered from an unplanned outage at its sheet mill in Butler, Ind. That reduced sales volumes by approximately 50,000 tons.
AISI outlines key issues for steel to Trump admin
The American Iron and Steel Institute (AISI) has reached out to the Trump administration, as well as some members of Congress, to present a blueprint of issues that are top of mind for steel producers. “2025 presents an opportunity for the new administration and Congress to take a holistic look at the key issues impacting […]