MEXICO CITY Mexican steelmaker Altos Hornos de México SA de CV (Ahmsa) will officially start operations at its Fénix project July 18.
The project comprises a 1.46-million-tonne-per-year blast furnace, a 1.2-million-tonne-per-year electric-arc furnace, a 1.2-million-tonne-per-year slab caster and a 1-million-tonne-per-year plate mill, which together cost around $1.5 billion.
Overall costs for the entire project, which include investments in Ahmsas mining operations, the revamp of several facilities, training and other costs, have reached $2.3 billion.
Ahmsas crude steel production will rise to 4.75 million tonnes per year from the 3.5 million tonnes.
Ahmsa, Mexicos largest integrated steelmaker, produces slab, plate, hot-rolled coil, cold-rolled coil and tinplate, as well as heavy sections and beams.
A version of this article was first published in AMM sister publication Steel First.