Altos Hornos de Mexico SA de CV (Ahmsa), Mexicos biggest
integrated steelmaker, saw its net loss widen by 51.2 percent
to 520 million pesos ($40.3 million) in the third quarter from
a net loss of 344 million pesos in the same period last year on
sales that fell 2.1 percent to 9.47 billion pesos ($735.2
million), the company said in a filing with Mexicos stock
exchange Oct. 25.
Ahmsa shipped 886,524
tonnes of steel products between July and September this year.
It didnt disclose corresponding sales figures for the
third quarter of 2012.
The steelmaker plans
to "put the remaining equipment of the Fénix project
into operation by the second quarter of 2014," it said.
expansion project started operations in July and 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
steel production capacity will increase to 4.75 million tonnes
per year from 3.5 million tonnes once the expansion is
A version of this
article was first published in AMM sister publication Steel