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Grupo Simec SAB de CV Clarifies Contract With United States Steel

Wednesday, 15 May 2013 01:05pm EDT 

Grupo Simec SAB de CV (Simec) announced that it wished to clarify their contract with United States Steel. During the 5-year contract, Simec will supply Tube Rounds to the United States Steel Tubular Products Division. The Company estimates that the contract will generate sales of approximately USD 1.3 billion dollars. The steel will be manufactured at the new Electric Arc Furnace that is being installed at Republic Steel in Lorain, Ohio. This contract alone will utilize 30% of the total capacity of this equipment, which will be coming into operation at the end of the second semester of 2013. 

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19 Dec 2014