Gerdau to Expand HSM & Structural Mills at Branco in Brazil
Porto Alegre-based Latin America's largest long steel producer Gerdau revealed at a press conference in Belo Horizonte an investment plan at Branco facility in Minas Gerais, to be applied over five years to modernize, upgrade technology and expand local operations.
USD 200 million for the HRC rolling mill expansion - Gerdau plans to set up a new HRC rolling mill at its Ouro Branco plant, which will have a 250,000 tonnes per year capacity. With the new capacity increase, Gerdau's total HRC capacity will increase to 1.1 million tonnes per year,
USD 300 million for the structural profile project – It will launch new structural profile rolling mill at its Ouro Branco facility with a 500,000 tonnes per year capacity. With the new project, total structural profile capacity is expected to grow to 1.1 million tonnes.