Steel Mills
ArcelorMittal Mexico Makes First Coil from New Hot Strip Mill
Written by Michael Cowden
December 15, 2021
ArcelorMittal Mexico has made the first coil from the new hot strip at its steelmaking complex in Lazaro Cardenas, a port city in Mexico’s Michoacan province.
Company spokespeople did not respond to requests for confirmation from Steel Market Update. But the moment was celebrated on social media by ArcelorMittal employees and executives.
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
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.
Granite City Works must remain open and other terms of the Nippon-USS deal
SEC documents also name Trump specifically as having veto power certain decisions are part of the “Golden Share” provision.
USS shuffles some leadership roles after close of Nippon deal
USS shuffles leadership deck after deal closes with Nippon.
ArcelorMittal fires up steelmaking at Calvert mill
With the marking of the EAF’s first heat earlier this month, the mill has moved from a rerolling and finishing mill to a full steelmaking facility.