ArcelorMittal México’s new hot rolling mill will be ready to begin formal operations by the end of 2021 at its steelworks in Lázaro Cárdenas, Michoacán, Mexico.
The company announced on Thursday that the new mill will have the capacity to produce 2.5mn mt of hot rolled coils (HRC) for industrial, domestic, and non-automotive use.
According to media reports, the mill’s testing began during this quarter with production expected to reach full capacity by Q4 2021. By that time, ArcelorMittal plans to produce 217,000mt per month, Victor Cairo, general director of ArcelorMittal Mexico told the media.
The global steelmaker’s Lázaro Cárdenas project includes the rolling mill, a new pickling line, a new natural gas station, and the complete modernization of the process line at an investment of $1bn.