AHMSA operating at 35 percent its capacity at No. 1 steelworks

Friday, 23 October 2020 20:58:43 (GMT+3)   |   Sao Paulo
       

Mexican integrated steelmaker Altos Hornos de Mexico, AHMSA, is reportedly operating at 35 percent its capacity at its No. 1 steelworks, according to a local union.

Local union Seccion 147 told Mexican newspaper Zocalo AHMSA is planning steel production according to current orders. AHMSA has a total steel capacity of 3.5 million mt/year.

AHMSA and Grupo Villacero are in talks over a potential merger or acquisition by Villacero, as previously reported by SteelOrbis. The two companies have recently extended their existing conversations for a further 90-day period to decide on a non-binding merger or acquisition agreement.


Most Recent Related Articles

Mexico initiates sunset review on Japanese seamless pipes

Spanish court approves extradition of AHMSA executive

Grupo Simec posts stronger Q3 results

AHMSA reports larger net loss in Q3

Minera Autlan goes from profit to loss in Q3