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Grupo Simec Plans to Invest US$600M in New SBQ Mill
11/10/2015 - Mexican special bar quality (SBQ) manufacturer Grupo Simec is planning to build a greenfield mini-mill capable of producing 600,000 tons of SBQ products per year, the company has announced.
In a statement, Simec said it plans to invest US$600 million in the mill, which will make SBQ large round blooms, large-diameter bars and wire rod. Start-up is scheduled for the end of 2017.
“This will be the first complete greenfield mini-mill for specialty steel built in Mexico in recent years,” the company said in the statement.
“The facility boasts specialized world-class technology including automation equipment that assists in producing high-quality steel grades to guarantee a globally competitive production cost.”
Danieli SpA has been contracted to outfit the mill, which will include a meltshop, secondary refining, round billet casting, hot-rolling, on-line heat treatment of long products, in-line cold finishing bar inspection facilities and an advanced wire rod line.
Danieli Automation is to supply all electrical components and an advanced level 1 and 2 automation system for the mill.
Simec said the project is being funded through cash flows. It will be built close to its existing SBQ mini-mill in the state of Tlaxcala. That mill is capable of producing 400,000 tons annually of small-diameter bars and flats.
“This will be the first complete greenfield mini-mill for specialty steel built in Mexico in recent years,” the company said in the statement.
“The facility boasts specialized world-class technology including automation equipment that assists in producing high-quality steel grades to guarantee a globally competitive production cost.”
Danieli SpA has been contracted to outfit the mill, which will include a meltshop, secondary refining, round billet casting, hot-rolling, on-line heat treatment of long products, in-line cold finishing bar inspection facilities and an advanced wire rod line.
Danieli Automation is to supply all electrical components and an advanced level 1 and 2 automation system for the mill.
Simec said the project is being funded through cash flows. It will be built close to its existing SBQ mini-mill in the state of Tlaxcala. That mill is capable of producing 400,000 tons annually of small-diameter bars and flats.
