Mexican steelmaker Ternium Mexico has already produced the first coils from a new painting line in July, and plans to produce commercial grade steel this month, CEO Maximo Vedoya said in a conference call with analysts.
The executive also unveiled new details about the company’s HDG plant in Pesqueria.
“(The painting line) produced the first coil a couple of days ago. So I think in August, it's going to start producing commercial quality and start selling, of course, in not a very big volume, but it's running okay,” he said.
“(The) galvanized line is going to start at the end of September. That was the plan, the original plan. And we are seeing no delay on that. Both of them are going with the budget we set,” he added.
The painting line facility will have a 120,000 mt/year capacity.