Santa Cruz steel plant
CSA (Companhia Siderúrgica do Atlântico) is owned and operated by Ternium and is the company's largest steel plant. The asset is also known as Santa Cruz, the name of the district where it is located in the city of Rio de Janeiro. Construction at Santa Cruz began in September 2006. The plant was designed to produce 5 Mtpa of low-cost, high-quality slabs. Of this, 40% was to be exported to the former owner's (ThyssenKrupp) facilities in Germany, with the remainder to be shipped to a processing plant in Calvert, Alabama. We expect Santa Cruz production level to keep flat in 2022. Going forward, the facility is slated to lose one of its main North American customers as ArcelorMittal is in the process of building an EAF mill in Calvert, Alabama. The facility, due by the first half of 2023, is expected to feed ArcelorMittal/Nippon Steel's rolling facility at Calvert, hence removing at least part of the need of slab imports from Santa Cruz.