Miller on scrap: Export market prices rising
The export market for ferrous scrap has been strengthening over the last month by a sizable margin.
Tag: Mexico
Gerdau’s North American Ops See Lower Shipments, But Outlook Positive
Declining demand and a challenging economic environment impacted Gerdau’s shipments in North America during the third quarter.
Klöckner Plans to Expand US Fabrication Business, Buys Fabricator IMS
Klöckner & Co. said it has agreed to acquire South Carolina-based fabricator Industrial Manufacturing Services (IMS) through US subsidiary Kloeckner Metals Corp.(KMC).
Ternium Bullish on Mexico and Increased Stake in Usiminas
Latin American flat-rolled steelmaker Ternium is seeing strong demand in Mexico, its main market. With its new mill in Pesquería, Mexico, up and running, more lines there set to come online, and the company now holding an increased stake in Brazilian mining and steel company Usiminas, Luxembourg-based Ternium is optimistic about the future direction of the company.
ArcelorMittal: CSP Deal to Close in Feb, NA Expansions Progress
ArcelorMittal expects that its $2.2-billion acquisition of Brazilian steelmaker Companhia Siderúrgica do Pecém (CSP) will close in late February. “The transaction closes end of this month,” chief financial officer Genuino Christino said during an earnings call with analysts last week. The Luxembourg-based steelmaker had said that the deal had received final antitrust clearance in commentary […]
New Hot Skin Pass Mill Starts Up at ArcelorMittal Mexico
ArcelorMittal Mexico has started up a new hot skin pass mill at its new hot rolling mill in Lázaro Cárdenas, Michoacán. The hot skin pass mill has come into operation seven months after the new $1 billion, 2.75-million-short-ton-per-year hot rolling mill produced its first coil. “We are very happy to reach today an important step […]