‘Assessor’ could cut steel overcapacity: Ahmsa

Jun 18, 2013 | 02:26 PM | Lisa Gordon

Tags  Alonso Ancira Elizondo, Ahmsa, Altos Hornos de México, steel, overcapacity, Steel Success Strategies XXVIII, Lisa Gordon

NEW YORK — Steelmaking overcapacity could be addressed by an independent group that would assess which mills should be shuttered on the basis of national need and company performance, the top executive of Mexico’s largest integrated steel producer proposed.

"We need to be creative and work going forward to stop overcapacity," Alonso Ancira Elizondo, chairman of Monclova-based Altos Hornos de México SAB de CV (Ahmsa), told a packed room at the Steel Success Strategies XXVIII conference in New York sponsored by AMM and Englewood Cliffs, N.J.-based World Steel Dynamics Inc.....

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