ArcelorMittal to Build $600m Mill in Mexico

Steel operator ArcelorMittal is planning to build a $600m steel mill in Mexico, the company announced. The new facility, which is expected to have a capacity of 1m metric tons of billet per year and a new bar rolling mill with a capacity of 500,000 metric tons, will produce carbon steel and bars including rebar, merchant bar quality and special bar products to serve the construction and automotive sectors, the company adds. ArcelorMittal is evaluating potential sites for the mill in Mexico as it ponders factors like logistics, supply chain and availability of resources to operate the plant, it says.