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Grupo Simec Starts Up Mexican SBQ Mill

"Grupo Simec and Danieli will continue to improve production and plant completion with a common target: reinforcing the plant’s leading position in Mexico, as a unique producer and processor of SBQ steels for the automotive market," Danieli said in a statement. 

The greenfield mill, capable of producing 600,000 tons annually, makes large blooms, bars and wire rod. 

Grupo Simec invested approximately US$600 million in the project.