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
Algoma fires up EAF steelmaking with first arc
Algoma Steel reached a milestone in its transformation from blast furnace to electric arc furnace (EAF) steelmaking, with its Unit One EAF achieving its first steel production this week.
Nucor holds HR list price at $910/ton
Nucor is keeping its list price for spot hot-rolled coil unchanged after last week’s shortened holiday week.
Cliffs unveils new hydrogen-powered stainless line in Ohio
CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.
Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.
Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.