Ternium seen mulling slab mill in Mexico
May 03, 2013 | 11:36 AM
| Juan Weik
SÃO PAULO Latin American steelmaker Ternium SA might choose to expand its crude steel capacity in Mexico following its exit from the sale process of ThyssenKrupp AGs 73.13-percent stake in the 5-million-tonne-per-year Cia. Siderúrgica do Atlântico (CSA) slab plant in Brazil.
A divergence between Ternium and ThyssenKrupp on the "value perception" of CSA, coupled with the challenging situation of the steel industry, has pushed Ternium out of the bid process for the Brazilian slab mill, chief executive officer Daniel Novegil said this past week (amm.com, May 1).
An acquisition of CSA would have given Ternium self-sufficiency in the supply of slab. Currently, the company buys around 3 million tonnes per year of slab from third parties to feed its flat-rolling facilities in Mexico, where it is able to produce as much as 6 million tonnes per year of flat steel products but only 2.3 million tonnes per year of slab. ....
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