MEXICO CITY Mexicos
largest integrated steelmaker, Altos Hornos de México
SAB de CV (Ahmsa), will begin production at its new
1-million-tonne-per-year plate line by the end of March.
The plate line is part of the
companys Fénix steel expansion project, which also
includes a 1.5-million-tonne-per-year blast furnace, a
1.2-million-tonne-per-year electric-arc furnace and a
1.2-million-tonne-per-year slab caster.
Production at the new plate line
will begin once the probationary period ends this month, Ahmsa
said in a report filed with Mexicos stock exchange last
The expansion project, which
will increase the Monclova-based companys crude steel
capacity to 4.75 million tonnes per year, has entered its final
stage of construction, according to the company.
The electric-arc furnace
component of the project is 90 percent completed and will start
operations this year, Ahmsa said. Fénix, which is
expected to cost a total of $1.5 billion, will allow the
steelmaker to increase both capacity and the range of steels
available to supply new markets, Ahmsa added.
The company invested $1.3 billion in Fénix before
Dec. 31 and it has committed a further $83 million in contracts
for the project, according to the report. The Fénix
project will create more than 1,500 jobs, the company said.
A version of this article
was first published by AMM sister publication Steel