Monterrey, Mexico-based steelmaker Deacero SA announced it plans to build a new steelmaking facility in the state of Coahuila according to El Norte, a Monterrey-based newspaper.
The project will be constructed in two phases. The first, a rebar and wire rod mill with a 1.5 million nt capacity, is slated to begin operations in December and will cost $500 million; the second will be completed in August 2012, and will cost an estimated $250 million.