05
Aug
10:45
Gerdau to expand Ouro Branco production capacity
Brazilian steelmaker Gerdau says it will expand production capacity for both hot rolled coil and structural profiles at its Ouro Branco mill. The investment is evaluated at $500 million, chief executive Gustavo Werneck said during a call with analysts monitored by Kallanish.
"Our hot rolling mill is already operating at full capacity. Its expansion, along with the upgrade of the structural profile production equipment, should be completed in 2024," Werne…
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Anonymous
Very good overview of the weekly steel market.
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