Economy
Ternium Taps Andritz for Pesquería Mill Pickling Line
December 19, 2022
Ternium has named international technology group Andritz to build its new high-end push pickling line (PPL) near Monterrey, Mexico.
The new line in Pesquería will have an annual capacity of approximately 600,000 tons, and will be used mainly for the automotive and home appliance industry, Andritz said.
The company added that the line is designed for advanced, high-strength steel grades, with startup scheduled for mid-2024.
As previously reported, Ternium had announced a $1-billion investment last February to add downstream capabilities to its new 4.5-million-ton-per-year hot rolling mill in Pesquería. The project includes the pickling line and tandem cold mill with capacity of 1.5 million tons per year (tpy), a 500,000-tpy galvanizing line, and related finishing equipment.
Additionally, SMU has reported that the Latin American steelmaker is considering a new United States-Mexico-Canada (USMCA) compliant greenfield electric-arc furnace facility. Ternium said an announcement could be expected by the end of this year or in 2023.
César A. Jiménez Flores, the president of Ternium Mexico, will be speaking at the Tampa Steel Conference on Feb. 5-7. You can learn more about the event and register here.
By Ethan Bernard, Ethan@Steelmarketupdate.com
Latest in Economy
ArcelorMittal plans wire-drawing closure in Hamilton, shifts production to Montreal
ArcelorMittal’s (AM) Hamilton location to be shuttered, wire production shifting to Montreal.
Beige Book finds growing economic, policy uncertainty
All districts reported "hesitancy and a cautious approach to business and household decisions,” according to the Beige Book.
ISM: Manufacturing continues to contract in May
May marks the third consecutive month US manufacturing activity declined, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report.
Chicago PMI decreases 4.1 points in May
The Chicago Business Barometer reports that decreases in new orders, order backlogs, and softer production pulled the index down by 4.1-points to 40.5, in May.
Architecture firms struggle through April
For the third month in a row, architecture firms reported a reduction in billings through April, according to the latest Architecture Billings Index release.