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Home Steel News Nucor & JFE's JV in Mexico to start operation in H2 2019
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Nucor & JFE's JV in Mexico to start operation in H2 2019

30 May 2019 15:11 reported by Raul Lee

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It was reported that Mexican steelmaker Nucor-JFE Steel México, a joint venture between two of the world's leading steelmakers Nucor and JFE, which was located in Silao, Mexico, would begin its operation in the second half of this year.

The joint venture cost approximately US$300 million, of which 50% was provided by Nucor and 50% by JFE, having an annual capacity to produce 400,000 tons of galvanized steel that targeted to supply the automotive sector. Nucor would provide half of the hot-rolled steel substrate that would be consumed by the joint venture.

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