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Deacero to invest $1 billion to build new steel plant in Mexico

September 13, 2023 Comments Off

Mexican steelmaker Deacero plans to spend $1 billion over the next three years to build a new plant in Coahuila state and to acquire machinery and equipment to strengthen other plants, the company has said. The new plant will be in Ramos Arizpe, Coahuila, and would expand the production capacity of the steelmaker by 1.2 million mt/year, Deacero President Raúl…