Steel Mills

Ternium to Spend $98M to Add 2nd Coating Line at Louisiana Mill
Written by Michael Cowden
December 17, 2021
Ternium USA Inc. plans to invest $98 million to increase coating capacity at its steel mill in Shreveport, La.
The money will be used to add a second paint line to the Shreveport facility with capacity of 120,000 tons per year.
Construction of the new paint line is expected to begin in the first quarter of 2022. And commercial production is slated for mid-2024, according to a press release from the office of Louisiana Gov. John Bel Edwards (D).
“This new coil coating expansion in Shreveport is part of our strategy to support the joint growth of our company and that of our loyal customers by adding complementary volume, range, and services to our existing local platform,” Ternium USA President Michael Guhl said.
Ternium USA is the domestic subsidiary of Latin American steelmaker Ternium, which started up a new hot strip mill outside of Monterrey, Mexico, earlier this year.
And company executives have said in recent months that they plan to continue to expand both upstream with increased melting capacity and downstream with more cold rolling and coating capability.
Gov. Edwards said the project would retain 157 jobs and create 35 new direct jobs with an average salary of $69,000 per year plus benefits. Another 98 jobs are expected to be created externally.
“Ternium’s decision to reinvest in its Shreveport plant is a testament to Louisiana’s welcoming business climate, highly skilled workforce, and world-class transportation infrastructure,” Edwards said.
Louisiana also landed the project thanks in part to a competitive incentive package and a $1 million performance-based award, the governor’s office said.
By Michael Cowden, Michael@SteelMarketUpdate.com
Michael Cowden
Read more from Michael CowdenLatest in Steel Mills
Wheeling-Nippon Steel raises Galvalume coating extras
The steelmaker released updated extras to customers on Oct. 15, marking the second adjustment in just six weeks following their early September revision
Cliffs offloading some FPT assets, considering HBI plant sale as well
Lourenco Goncalves confirmed that Cleveland-Cliffs is actively selling off portions of its Ferrous Processing and Trading (FPT) assets. Its direct reduction plant in Toledo, Ohio, may also be up for grabs...
SSAB cites US strength but flags tariff-driven uncertainty
The Americas segment of Swedish steelmaker SSAB delivered a stable third quarter, but with weaker shipments and continuing cautious demand. Plate prices held, but tariffs, slowing end-user demand, and...
AHMSA drama deepens as drawn-out bankruptcy slowly progresses
A former CEO goes to court for swiping tin. An OEM distributor slams the bankruptcy trustee for failing workers and creditors. The steelmaker fires back. Angry employees demand back pay as tensions rise in Monclova's steel saga.
Cliffs aligns with US critical mineral policy, moves forward with DOE-funded projects
Cleveland-Cliffs is positioning itself as a key player in America’s push for industrial independence.
