Steel Mills
Kloeckner Metals to Build Second Service Center in Mexico
Written by Michael Cowden
October 11, 2021
Kloeckner Metals Corp. will hold a groundbreaking ceremony next week for its second location in Mexico.
The new, 84,000-square-foot facility will be in the central Mexican city of Querétaro and is expected to open in the spring of 2022, the Roswell, Ga.-based service center said.
“Through this strategic investment we will be able to further extend our specialized offering of complex, supply chain solutions to our key market segments with a specific focus on accelerating our growing position in automotive,” Kloeckner Metals CEO John Ganem said.
The groundbreaking ceremonty is scheduled for Tuesday, Oct. 19.
The new location will also serve the HVAC, appliance and metal-forming stampers as well as telecommunication infrastructure and manufacturers of building enclosures for electronics, the company said.
The Querétaro plant will offer hot rolled pickled and oiled (P&O), cold rolled, galvanized and other coated steels as well as stainless and aluminum. It will in addition sport a 72-inch slitter capable of processing thicknesses of 0.010-0.250 inches, Kloeckner said.
Kloeckner has for the last 17 years operated a single plant in Mexico – Kloeckner Metals Monterrey, located in the northern state of Nuevo Leon.
Kloeckner Metals is a subsidiary of Duisburg, Germany-based Klöckner & Co.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
BREAKING NEWS: Cliffs plans to idle three mills, cut 950 jobs on ‘insufficient demand and pricing’
Cleveland-Cliffs plans to indefinitely idle its steel mill in Riverdale, Ill., as well as mills in Conshohocken, Pa., and Steelton, Pa. The Cleveland-based steelmaker said all three facilities would be idled on or around June 30. Approximately 950 jobs will be impacted, the company said.
CRU: Usiminas may reduce capex unless government strengthens protection
“The lack of effective measures to create fair competition, amid a surge in subsidized imports, is the main threat to the sustainability of Brazil’s steel industry and its value chain,” CEO Marcelo Chara said.
USS swings to loss in first quarter on N. American flat-rolled segment woes
U.S. Steel CEO praised the company’s resilience, “despite the seasonally low results driven by annual mining logistics constraints in our North American Flat-Rolled segment and lagging spot prices.”
Nucor gives updates on new capacity coming online
Nucor said several of its capital projects will start operations within the next year and provided an update on them.
Algoma swings to loss on ‘market challenges’ and ‘tariff uncertainties’
Canada’s Algoma Steel swung to a loss in the first quarter amid "market challenges," and the company now expects first steel production from its first EAF in the second quarter.