Economy
December 19, 2022
Ternium has named international technology group Andritz to build its new high-end push pickling line (PPL) near Monterrey, Mexico.
The new line in Pesquería will have an annual capacity of approximately 600,000 tons, and will be used mainly for the automotive and home appliance industry, Andritz said.
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To kick off the official sessions of the 2023 Steel Summit, Dr. Anirban Basu, chairman and CEO of the Sage Policy Group, focused on the broader context in which steel prices are set, outlining major factors currently shaping economic outcomes in our country.
Mexico has decided to implement import tariffs on a number of products, among them, steel.
As mortgage rates continue to rise and housing demand slows, builder confidence is waning. A drop in July housing starts was the first in seven months.
Economic activity in the US manufacturing sector contracted for the ninth month in a row in July, according to the latest report on business from the Institute for Supply Management (ISM).