Steel Mills
New president in Mexico could lead to AHMSA restart: AMLO
Written by Ethan Bernard
June 20, 2024
Outgoing Mexican President Andrés Manuel López Obrador (AMLO) said the incoming administration of Claudia Sheinbaum will be able to resolve the woes of shuttered steelmaker Altos Hornos de México (AHMSA).
Sheinbaum will be assuming the role of president in October.
In public remarks last week, Obrador said his administration “moved forward” but did not succeed in rescuing AHMSA because of “too much corruption,” according to Spanish-language periodical La Rancherita del Aire.
“I want to tell you that, with Claudia (Sheinbaum), what this region needs will be attended to … the problem of Altos Hornos de México has to be resolved,” Obrador said.
He cited Alonso Ancira, former president and owner of AHMSA, as a key obstacle, and suggested Ancira has sold off all his shares, which should aid a possible restart.
AHMSA ceased operations in December 2022 and entered into bankruptcy. Many of its assets have reportedly fallen into a state of disrepair. There have been many twist and turns since then. Some of the background can be found here.
A request for comment from AHMSA was not returned by time of publication.
Ethan Bernard
Read more from Ethan BernardLatest in Steel Mills
August US mill shipments slip but still higher than last year
The American Iron and Steel Institute reported a decline in the monthly shipments of US mills from July to August.
TransPod, Algoma, Supreme Steel linkup anchors Canadian steel in high-speed transit build
The three Canadian companies have announced a strategic partnership to support the development of an ultra-high-speed transit line from Edmonton to Calgary.
Metallus, USW agree to tentative four-year labor deal
Metallus and the United Steelworkers (USW) have agreed to a tentative four-year labor contract.
ArcelorMittal Dofasco resumes cokemaking after emergency maintenance
The Canadian steelmaker reported on Sept. 30 that “urgent maintenance” was needed in its coke plant off-gas systems. The work required coke oven gas from the No. 2 coke plant to be flared for most of that week.
AISI: Raw steel production ticks back down
US raw steel output declined last week after increasing the week prior, according to the latest data from the American Iron and Steel Institute (AISI). Output has see-sawed from week to week since mid-August. Still, it has remained historically strong over the past four months and has held near multi-year highs since June. Domestic mills […]