ArcelorMittal to invest $1 billion in Mexico by 2020

ArcelorMittal is to invest $1 billion in its Mexican operations over the next three years, the company said this week.

The principal investment will be in the construction of a new hot strip mill, which will enable ArcelorMittal Mexico to produce 2.50 million tonnes of flat rolled steel. “Coil from the new hot strip mill will be supplied to domestic, non-auto [and] general industry customers,” the company said on Thursday...

Published

Camila Rios

September 29, 2017

21:07 GMT