Latin American steel maker Ternium is increasing capacity utilization rate at its new hot strip mill in Pesqueria in Mexico, commissioned in May 2021. The ramp-up process at the new mill is progressing as planned. The mill, which produced 500,000 tons of HRC in October-December quarter of 2021 & almost 700,000 tons in January-March quarter of 2022, expects about 900,000 tons in April-June quarter of 2022. Ternium’s CEO Mr Maximo Vedoya, during the recent conference call on January-March quarter 2022 results, said “We continue working on certifying our products with different industrial customers and gradually adjusting the facility and its logistics for a higher level of production."Ternium’s Pesqueria hot strip mill is designed to produce 4.4 million short tons per year of 1.2-24.5 mm thick and 900-1,950 mm wide HRC.Ternium is expanding the Pesqueria flats production base with 500,000 short tons per pickling line, 1.5 million short tons per cold-rolling mill, 500,000 short tons per HDG line, and several finishing lines. The new equipment will come online in H1 of 2024. The expansion should help the company better serve its customers in the automotive, renewable energy and home appliance industries and will support its leading position as a steel supplier in Mexico.