Steel Mills

ArcelorMittal Mexico's Hot Strip Mill Ramping Up on Schedule
Written by David Schollaert
December 15, 2021
ArcelorMittal Mexico anticipates a run rate of roughly 70% by year’s end at its new hot strip mill in the Michoacan province.
Executives lauded the production ramp-up of the new 2.75-million-ton hot strip mill during the company’s earnings call late last week, noting the facility’s output could be around 1.50 to 1.75 million tons in 2022 at its steelmaking complex in Lazaro Cardenas.
“The ramp-up is progressing well,” said Genuino Christino, Arcelor’s executive VP and CFO. “Our expectation is that in the second half we should be reaching a 60% to 70% run rate.”
Due to the steadily increased run rate, the Luxembourg-based steelmaker anticipates a strong earnings contribution for the 2022 calendar year from the steelmaking complex.
“By the end of 2023, we should be really running full out,” added Christino. “We clearly expect good progress this year, good contribution, and then more in 2023.”
ArcelorMittal’s new hot strip mill is one of a several sheet capacity expansions underway 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 David Schollaert, David@SteelMarketUpdate.com

David Schollaert
Read more from David SchollaertLatest in Steel Mills

Op-Ed: Ternium CEO Máximo Vedoya wants a fair future forged in steel
After recently receiving an industry honor on behalf of Ternium, I had the opportunity to reflect and share my vision on the state and future of our industry.

Nippon eyeing new $4B U.S. Steel mill to sweeten deal: Report
Nippon Steel could build a new domestic U.S. Steel mill with a total investment of $4 billion.

Nucor cuts CSP by $20/ton, third straight drop
Nucor has lowered its consumer spot price by $20 per short ton, marking the third consecutive weekly decrease.

Nucor reports IT systems breach
Nucor said it temporarily and proactively halted some production operations at various locations.

Cliffs talks DOE funding, blast furnace relining schedule
The future of two projects supported in part by funding through the Department of Energy remains uncertain.