Japanese steelmaker JFE Steel Corporation has announced that its Mexican joint venture (JV) with US-based steel producer Nucor Steel, Nucor-JFE Steel Mexico (NJSM), has held a groundbreaking ceremony for an automobile steel sheet manufacturing plant in Silao in the central Mexican state of Guanajuato. At the new plant, NJSM, in which JFE Steel and Nucor Steel hold a 50 percent stake each, will produce and sell galvanized steel sheet for automobiles.
NJSM’s new continuous galvanizing line, which is scheduled to start operations in 2019, will have an annual output capacity of 400,000 mt. Total investment in the plant will be approximately $270 million.