Steel Mills
February 22, 2018
Ternium to Supply Slabs to Calvert, Despite Section 232
Written by Sandy Williams
Ternium has extended its agreement to supply steel slabs to AM/NS Calvert for an additional 12 months, until December 2020. During Ternium’s fourth-quarter earnings call, CEO Daniel Novegil said Ternium Brazil will deliver the remaining 3.5 million metric tons of slab in annual increments of 1.2 million tons per year instead of 2.0 million tons as previously scheduled.
The extension will free up slab produced at the Mexican operation for use at its new hot strip mill in Pesqueria that will come on line in 2020, said Novegil. The Pesqueria facility currently produces 400,000 metric tons of hot-dip galvanized coil and 1.5 million tons of cold-rolled coil. The hot strip line will add an additional 3.7 million tons per year of finished steel capacity.
