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.