MEXICO CITY Mexican
steelmaker Altos Hornos de México SAB de CV (Ahmsa) will
officially start operations at its Fénix project in the
second week of April, the company said.
The project includes 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
However, the overall project
cost has reached $2.3 billion, including related investment in
Ahmsas mining operations and the revamp of several
facilities, a company spokesman told AMM sister
publication Steel First March 27.
"(To feed the steel expansion)
we have to produce more iron ore, more coal, have more
transport (capacity), more maintenance, more electric energy,
more (natural) gas, and all that demands parallel investments,"
the spokesman said.
The project will allow the
steelmaker to boost its production capacity and improve its
product mix for new markets, Ahmsa said. It is expected to
boost crude steel production to 4.75 million tonnes per year
from 3.5 million tonnes per year.
Ahmsa is Mexicos largest integrated steelmaker. Based
in the northern city of Monclova, it 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 by AMM sister publication Steel