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16 Oct
12:31

Ahmsa expects hefty output reduction in 2019

Mexican steelmaker Altos Hornos de México (Ahmsa) says it expects its production in 2019 to be -25% below the level reached in 2018 due to a number of factors. Overall the company should produce 3 million tonnes of crude steel this year, down from 4mt in 2018. Production was heavily impacted during the summer when an investigation into the president of the group Alonso Ancira Elizondo by the local Mexican authorities caused the group’s financial ass…
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