Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Ternium will invest BRL500mn ($90mn) at its Santa Cruz mill in Rio de Janeiro in Brazil, as part of an investment plan in environment-friendly projects aimed at reducing carbon dioxide (CO2) emissions in 2030.


The steelmaker will also build a baghouse at the mill and a machine to filter and remove particles from its sinter unit. This mill produces slabs for further processing in other Ternium units in Mexico and Argentina, according to data from the steelmaker. Ternium Brasil has an annual  production capacity of around 5mn mt of crude steel.


Brazil’s crude steel output rose by 3.8pc to 2.8mn mt in February, from 2.7mn mt produced in February 2020, according to the Brazilian Steel Association. 


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