You are here: Home > Steel News > Latest Steel News > Ternium...

Ternium inspects AHMSA facilities

Thursday, 24 October 2024 11:24:17 (GMT+3)   |   San Diego
       

The Mexican steel unit of the Italian-Argentine giant Techint, Ternium, began a due diligence on the facilities of the giant steel company Altos Hornos de México (AHMSA) paralyzed by insolvency since last year, according to press reports and information sources consulted by SteelOrbis.

The due diligence began on Tuesday and will conclude today Thursday (October 24), published the local newspaper La Prensa de Coahuila.

Information sources consulted by SteelOrbis and who are aware of the process to try to reactivate steel production at the integrated steel company with a capacity of 5.5 million metric tons (mt) of crude steel per year, commented that Ternium joins the due diligences that have been carried out by ArcelorMittal, a Brazilian steel company, a Canadian one and the Mexican Villacero.

The sources of information consulted say that AHMSA could soon be declared bankrupt. Regarding the interest of Ternium and ArcelorMittal, there are two divided opinions. Due to the issue of antitrust authority, said one expert, these two companies would not have the approval of the competition regulator.


Similar articles

CANACERO’s annual report puts AHMSA on the top of Mexico’s steel producer list

21 Jul | Steel News

Mexico initiates review for CRC imports from Russia and Kazakhstan

26 Jun | Steel News

Mexican CRC prices face gradual downtrend

24 May | Flats and Slab

Mexican CRC prices drop slightly

25 Apr | Flats and Slab

Mexican domestic plate prices slip slightly

21 Mar | Flats and Slab

CANACERO’s annual report puts AHMSA on the top of Mexico’s steel producer list

21 Jul | Steel News

Mexico initiates review for CRC imports from Russia and Kazakhstan

26 Jun | Steel News

Mexican CRC prices face gradual downtrend

24 May | Flats and Slab

Mexican CRC prices drop slightly

25 Apr | Flats and Slab

Mexican domestic plate prices slip slightly

21 Mar | Flats and Slab