# ArcelorMittal to invest $1B in Mexican mill expansion

ArcelorMittal announced a $1 billion, three-year investment program at its Lázaro Cárdenas steelmaking complex in Mexico. The main investment is a new hot strip mill with capacity of 2.5 million metric tons per year of flat-rolled steel, plus upgrades to mining operations.

- Type: Expansion
- Announced: 2017-09-28
- Where: Lázaro Cárdenas, Mexico
- Value: $1.00B
- Starts operating: 2020
- Status: announced
- Capacity: 2.5 million metric tons per year of flat-rolled steel
- Products: flat-rolled steel, hot-rolled coils
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md)

## Sources

- [recyclingtoday.com](https://www.recyclingtoday.com/news/arcelormittal-steel-investment-mexico-dri-scrap/), 2017-09-29: "In order to make investment decisions of the scale we have announced today, we need both a favorable investment environment and confidence in long-term domestic growth prospects."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.