ArcelorMittal Mexico Makes First Coil from New Hot Strip Mill

One example: “Congratulations to ArcelorMittal Mexico. Production of the first coil from our new hot strip mill in. Amazing work,” Olivier Vassart, chief executive officer of the Luxembourg-based steelmaker’s Steligence® division, wrote in a LinkedIn post.

The development was not unexpected. ArcelorMittal executives said during an earnings conference call last month that the new hot strip mill, announced four years ago, was nearing completion and that the project would be finished before the end of the year.

The new hot strip mill will give ArcelorMittal additional capacity of approximately 2.75 million short tons (2.5 million metric tonnes). It is one of a host of sheet capacity expansions taking place in North America.

Details on that new capacity can be found on SMU’s new capacity table. The more than 20 million tons of new capacity displayed there should be read in conjunction with SMU’s blast furnace status table. The latter provides some important context: how much integrated capacity has been idled over the last decade.

By the way, here is that first coil:

By Michael Cowden, Michael@SteelMarketUpdate.com