August 30, 2008

Gerdau to decide heavy plates mill location in 3 months

BNamericas reported that Brazilian steel company Gerdau will decide in two to three months the location of a heavy plate mill it plans to build.

As per report the unit will require a USD 400 million investment in one of Gerdau's existing mills and new heavy plates capacity is forecast to be 870,000 tonnes.

In December the group announced it is in the final stages of a feasibility study for the project.