Ternium Mexico mulls restarting Guerrero plant rolling mill

Thursday, 30 May 2019 21:21:13 (GMT+3)   |   Sao Paulo
       

Ternium Mexico is considering resuming its No. 1 rolling mill located at its Guerrero mill, located in the metropolitan area of Monterrey, Nuevo León state, according to a media report by El Financiero.

The US decision to exclude Mexico from Section 232 tariffs reportedly improved prospects for Ternium Mexico.

The Guerrero unit produces HRC and CRC for the industrial, construction and home appliance sectors and for further processing in other Ternium Mexico’s units. Currently its No. 1 rolling mill, which has a 1 million mt/year capacity, is idled.

“For Ternium prospects are positive, since we will be able to increase production, exports as well as domestic sales volumes,” said Cesar Jimenez, director general at Ternium Mexico.

The executive did not provide a specific timeline for resuming the idled equipment, but said the company will evaluate its possibilities by H2.


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