Deacero investing $20 million in brand-new steel mill-Pumao steel

Mexican steelmaker Deacero will invest MXN 420 million ($20.5 million) in a new account as well as galvanized steel mill in Ramos Arizpe, Coahuila, according to the governor of Coahuila state, Miguel Riquelme.

The governor stated on Twitter the project will certainly produce 300 new work positions throughout its building stage. The plant ought to have a workforce of 450 individuals.

A media report by El Financiero said the plant will certainly have a 180,000 mt/year capability to generate profiles at a very first phase, anticipated for 2022 as well as 2023. Later, by 2024-2026, it will certainly include 135,000 mt/year in ability, El Financiero claimed.