In 2021, the steel company reported the investment of $150 million to increase 1.However, at the beginning of 2023 the company reported that due to delays in the delivery of the equipment, progress of works and permits with the Mexican authorities, the project would take another year, until 2024.At that time, the steelmaker forecast that the project would be in operation in the second half of 2023.The company also reported that the project is estimated to add approximately $50 million of EBITDA per year on full completion and post ramp up.3 to 2.
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