Ternium says new steel slab mill to be built at existing facility in Mexico

Ternium announced that its new steel slab mill, which the company previously disclosed in February 2023, will be built at and integrated into the company’s existing downstream facility in Pesqueria, Nuevo Leon, Mexico following an extensive review of location candidates. Ternium expects construction to begin in December 2023, with the start of operations anticipated to occur during the first half of 2026. The new state-of-the-art facility will complement the company’s new hot rolling mill in Pesqueria, which began operations in mid-2021, as well as its downstream project at the same site, which is currently under construction. It will also be equipped with the latest technologies to accelerate Ternium’s ongoing commitment to sustainability, including carbon capture capabilities and readiness to switch from natural gas to hydrogen use for DRI production. In addition, all water utilized in the new facility’s production process will be sourced from wastewater treated for industrial use.