Brazilian steelmaker Gerdau will resume steel output at electric arc furnace of Araucaria mill in in Guaíra in the state of Parana in Brazil by H2 of 2021 due to the positive outlook for domestic demand for steel in Brazil. Gerdau VP Mr Marcos Faraco said “We are optimistic about the bright outlook for the domestic market. By resuming production, the company aims to continue meeting the growing demand for long steel in Brazil, and to optimize the supply of products to customers throughout the country alongside existing capacities.” Gerdau will spend BRL 55 million (USD 10 million) to restart operations at the mill, which has the capacity to produce 420,000 tonnes of crude steel per year. The Araucaria mill has been idled since 2014.
Brazilian steelmaker Gerdau will resume steel output at electric arc furnace of Araucaria mill in in Guaíra in the state of Parana in Brazil by H2 of 2021 due to the positive outlook for domestic demand for steel in Brazil. Gerdau VP Mr Marcos Faraco said “We are optimistic about the bright outlook for the domestic market. By resuming production, the company aims to continue meeting the growing demand for long steel in Brazil, and to optimize the supply of products to customers throughout the country alongside existing capacities.” Gerdau will spend BRL 55 million (USD 10 million) to restart operations at the mill, which has the capacity to produce 420,000 tonnes of crude steel per year. The Araucaria mill has been idled since 2014.
