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30 Jan

Spain’s Megasa upgrades Zaragoza merchant bar mill

Spanish steelmaker Megasa says it will invest almost €100 million ($108.84m) in 2023-2024 in a new preheating furnace at the Megasider Zaragoza plant. The company will also replace its existing rolling mill with equipment based on environmentally-friendly heating technology, Kallanish notes. The new facility will be designed to produce a wide range of merchant bar. Megasider’s production was almost 500,000 tonnes last year, with net sales approaching …
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