Ternium Mexico unaffected by potential lack of electricity

Wednesday, 19 January 2022 21:44:53 (GMT+3)   |   Sao Paulo
       

Mexican steelmaker Ternium Mexico said this week it hasn’t and will not be affected by growing concerns of an electricity shortage in the country.

Ternium Mexico responded to what it called as “consultations” by clients about whether it would be affected by the “potential” lack of electricity.

“Ternium (Mexico) has its supply of energy assured,” the company said in a statement.

The company said just one plant, which it didn’t name, out of nine plants Ternium Mexico has in Mexico, has a minimum supply of energy guaranteed by utility provider Iberdrola until January 31 this year.

A media report by Reforma said this week about 455 Mexican companies could see a “blackout” effectively from February 1, as the Mexican government and Spanish energy provider Iberdrola are clashing over a contract renewal. Mexican regulators have not extended a permit allowing Iberdrola to supply energy to hundreds of Mexican companies.

Minera Autlan, a Mexican ferroalloys and manganese producer, could also be affected, according to media reports.


Similar articles

Ternium to invest $6.8 billion to supply the automotive industry

23 Feb | Steel News

Ternium reports explosive 839 percent increase in Q4 profits

21 Feb | Steel News

Ternium México receives inspection from environmental authorities

25 Jan | Steel News

Tenova will supply EAF, other plant equipment to Ternium in $3.2 billion project in Mexico

19 Oct | Steel News

Ternium expects minimal impact of UAW strike in US

18 Sep | Steel News

President of Mexico suggests that Ternium or ArcelorMittal should buy AHMSA

12 Jul | Steel News

Ternium to pay $88 million to Harsco Environmental for scrap services

29 Jun | Steel News

Ternium will invest $3.2 billion in a new steel mill in Nuevo Leon, Mexico

21 Jun | Steel News

Ternium Mexico choses Pesquería for its new slab mill

21 Jun | Steel News

Ternium CEO: Company is gaining market share in Mexico and the US

27 Apr | Steel News