Steel Mills
AHMSA Workers Demonstrate Over Unpaid Wages: Local Media
June 2, 2023
Altos Hornos de México (AHMSA) workers and their wives demonstrated peacefully on Thursday, according to a local media report.
Monclova Mayor Mario Dávila expressed solidarity with the workers who met on Thursday morning at the municipal presidency building looking for support, according to an article in El Periódico La Voz on Thursday.
The action was taken because of a “lack of wages,” according to an invitation to the protest cited by La Voz in an earlier article.
Late last month SMU cited a local report that AHMSA has sold approximately 19,000 tons of scrap to help pay for workers’ salaries. The Mexican steelmaker is also raising money by selling coke from its coke plants, Mexico’s El Tiempo reported, citing comments from bankruptcy trustee Elmer Rocha.
The Mexican steelmaker halted production in December 2022. AHMSA was forecast to resume production in Q3 and to ramp up production in Q4 and into early 2024. To see a fuller background of AHMSA’s recent history, click here.
An email to an AHMSA spokesperson was not returned by time of publication.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Steel Mills
Hyundai still on for Louisiana steel mill despite US raid at Georgia battery plant
Hyundai has reaffirmed its commitment to build a steel plant in Louisiana following a US government immigration raid at its battery facility in Georgia.
Hybar lowers output forecast, owning up to EAF startup delay
Hybar LLC’s rebar mill in Osceola, Ark., is now melting scrap and will soon be fulfilling orders, according to CEO David Stickler, despite a six-to-eight-week delay caused by commissioning the world’s first Aura electrical system.
Steel Dynamics guides to more metal, more money in Q3
Steel Dynamics Inc. is bullish heading into the close of the third quarter, with all three of its operating segments tracking higher.
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.