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Ternium starts construction of wind power plant in Argentina
Located in the city of Olavaria, in the Buenos Aires province, the power complex, announced in February, will have a power capacity of 72 megawatts, allowing the company to replace 65 percent of the electricity it buys from the national grid.The plant is expected to start operations during the second half of 2024.The wind towers of the project will be settled in an area of 1,517 hectares, each one having a 4.According to Ternium director Gaston Rodriguez Araya, the project will avoid emissions of 93,000 mt of carbon dioxide per year, as part of the company’s plan to reduce carbon dioxide emissions by 20 percent until 2030.5 megawatts capacity.

🌎 International · 🗓️ September 04, 2023 · Steel

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Korean auto part and seamless tube producer to invest $50 million in Zacatecas, Mexico
According to the list of the 15 entities with the highest production of auto parts in the country, Zacatecas is not there.The value of auto parts production in the first five months of the year was led by Coahuila with around $7.The estimated date for the start of operations was not specified, but according to the governor, MR Infra Auto will generate 400 jobs.Reports from the specialized press indicate that the most recent automotive investment in Zacatecas was in 2016.MR Infra Auto produces vehicle transmission parts, seat parts and door parts for the global automotive industry.

🌎 International · 🗓️ September 04, 2023 · Steel

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Authorities block two iron ore projects in Brazil
Meanwhile, a federal court has suspended the operation license of Taquaril Mineração, blocking the implementation of the iron ore project near the city of Nova Lima, also in the Minas Gerais state.The Taquaril project had an expected production pace of 2.MUSA received in December 2022 the authorization to operate the mine in Itatiaiuçu, with an expected production pace of 1.5 million mt of iron ore per year.According to the local press, both vetoes can be contested.

🌎 International · 🗓️ September 04, 2023 · Steel

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US mechanical tubing exports up 6.8 percent in June
The US shipped the most mechanical tubing to Mexico in June with 3,137 mt, compared to 2,909 mt in May and 2,808 mt in June 2022.Other top destinations included Canada, with 2,661 mt.There were no other significant destinations (1,000 mt or more) for US mechanical tubing exports in June.

🌎 International · 🗓️ September 04, 2023 · Steel

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General Motors Silao, Mexico idled due to lack of components
That volume places it as the largest manufacturer in the country with a share of 18.Data from the Mexican Association of the Automotive Industry (AMIA) show that in the first seven months of the year, to July, General Motors manufactured around 411,000 vehicles at its plants in Mexico.The Silao plant will reportedly restart production on September 4.SteelOrbis contacted the press department of General Motor México, however there was no response to confirm the restart of production and to know if other plants in Mexico are also idled.Data from a past interview with Guanajuato government officials told SteelOrbis that the General Motors plant in Silao produces a vehicle every 90 seconds.

🌎 International · 🗓️ September 04, 2023 · Steel

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