Grupo Simec to Increase Bar Mill Capacity to 1 Million Tonne

Mexican steelmaker Grupo Simec plans to invest USD 300 million to double capacity at its Pindamonhangaba mill in state of Sao Paulo in Brazil. The company said it will double crude steel capacity at the rebar and wire rod mill from 500,000 tonnes to 1 million tonnes by 2023. The mill should commence expansion works sometime this year.

Simec has been operating its Pindamonhangaba mill for six years. The company also owns the Cariacica mill in Espirito Santo state and the Itauna mill in Minas Gerais state, apart from its Mexican operations. Simec bought the Cariacica facility from ArcelorMittal Brazil in 2018.