Steel Mills

Blockade of AHMSA Coke Plants to Delay Production Restart
July 31, 2023
Mexican steelmaker Altos Hornos de México (AHMSA) said there could be an “indefinite” delay to the restart of production because of a blockade by activists.
The company said its steel plants in Monclova, Coahuila state, were blockaded by activists of the Sindicato Nacional Minero (National Mining Union), which represents AHMSA’s striking workers, according to a press release on Twitter from July 28.
AHMSA said it could not supply gas to maintain the temperature of the furnaces in coking plant #1 as a result of the blockade. The cooling process caused damage, the company said, “which will indefinitely delay the restart of production.”
The steelmaker added that this will result in “complicating the process of takeover by new investors.”
Recall that production has been shut down at AHMSA since December. The company announced an agreement in late February to sell the majority of its shares to a group of foreign investors to recapitalize the company. The shareholder was later revealed as credit specialist firm Argentem Creek Partners. However, uncertainty around the sale has remained, as Argentem has also asked the Kickapoo Tribe of Texas for financing for AHMSA.
A spokesman for AHMSA could not be reached for comment. A spokesperson for Argentem Creek could not be reached by time of publication.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Steel Mills

Nippon could up investment in USS facilities to $7B: Report
It's the latest twist as the proxy battle heats up for Pittsburgh-based U.S. Steel.

Hybar expansion still on the table as Arkansas mill startup nears
As Hybar nears the completion of its $700-million rebar mill in Arkansas, the company said it is still “actively considering” building other steel facilities in the southern US.

Global steel production edges lower in February
February’s global raw steel output is tied with last December's for the fourth-lowest monthly production rate recorded over the past two years.

Fate of U.S. Steel hangs in the balance
The future of U.S. Steel remains unclear, but the proxy fight for control of the company is heating up. Shareholders will cast their votes on the company's future at the annual meeting in May.

Cliffs to idle Dearborn blast furnace, restart Cleveland furnace by July
Cleveland-Cliffs has decided to idle the steelmaking operations at its Dearborn Works in Michigan due to weak automotive demand.