Steel Mills
AHMSA Mills Regain Electricity
May 3, 2023
A federal judge in Mexico ordered that the electricity be restarted at Altos Hornos de México’s (AHMSA’s) steel mills, according to Mexican media reports.
Crews from the Comisión Federal de Electricidad (CFE) started working on Monday to restore the electricity to the two mills in Monclova, Coahuila, according to a report from Mexico’s Radio Zócalo on Tuesday, May 2.
AHMSA has been without electricity since the end of February because of a debt owed to the CFE, the article said.
A report from Mexico’s Vanguardia on Wednesday said that AHMSA now has power.
This comes as a bankruptcy by the Mexican steelmaker clears the way for new owners to restart its operations. On April 20, Argentem Creek Partners were announced as the new shareholders.
Production at AHMSA had been stopped since December 2022.
CRU, SMU’s parent comany, currently expects AHMSA to restart production in Q3 and a slow ramp up in Q4 and early 2024.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Steel Mills
AHMSA opens doors to potential buyers as $1.3B asset auction nears
AHMSA is opening its doors to potential buyers to tour its steel plant and mining operations in northern Mexico in preparation for the next stage of its bankruptcy process: the auction of its assets.
USW seeks clarity on USS plans for Granite City Works
The United Steelworkers union has asked U.S. Steel to elaborate on its Granite City Works plans following reports that the steelmaker is ending processing at the facility.
Nucor maintains plate prices, opens October order book
Nucor aims to keep plate prices flat for a seventh straight month with the opening of its October order book.
ArcelorMittal Mexico to import from sister mills as it works to resume DRI production
ArcelorMittal has partially restarted operations at its direct reduction plant in Lazaro Cardenas, Michoacan. An explosion on Aug. 18 rocked the massive steelworks on Mexico’s Pacific coast, impacting production of direct-reduced iron (DRI).
Fall maintenance outages are coming in hot
Labor Day has passed, the sun is starting to set a little earlier each day, and cooler weather has begun to find its way down to many of us across North America. And you know what that means for the steel industry… Fall maintenance outages!