Reuters, citing two sources close to the matter, reported that steelmaker Ternium is set to invest around BRL 1.3 billion (USD 270 million) in a major overhaul of one of the two blast furnaces in its steel mill in the Brazilian state of Rio de Janeiro. The report quoted the sources as saying that “The idea is to rebuild the thermal insulation of the blast furnace and update auxiliary technology. The project has already started to be analyzed as the equipment's life cycle, of 2.5 million tonnes of annual capacity, is set to end in 2024. The renovation and modernization is also expected to take months to complete.”The plans come at a time when Brazilian steelmaker Usiminas, in which Ternium shares a controlling interest, is also preparing for the renovation of the largest blast furnace at its Ipatinga plant in Minas Gerais state, a task that should take 110 days to be carried out from April 2023.Ternium's Rio de Janeiro plant, known as Companhia Siderurgica do Atlantico, CSA, has two blast furnaces each with a capacity for 2.5 million tonnes of steel per year and is producing around 4.5 million tonnes a year
Reuters, citing two sources close to the matter, reported that steelmaker Ternium is set to invest around BRL 1.3 billion (USD 270 million) in a major overhaul of one of the two blast furnaces in its steel mill in the Brazilian state of Rio de Janeiro. The report quoted the sources as saying that “The idea is to rebuild the thermal insulation of the blast furnace and update auxiliary technology. The project has already started to be analyzed as the equipment's life cycle, of 2.5 million tonnes of annual capacity, is set to end in 2024. The renovation and modernization is also expected to take months to complete.”The plans come at a time when Brazilian steelmaker Usiminas, in which Ternium shares a controlling interest, is also preparing for the renovation of the largest blast furnace at its Ipatinga plant in Minas Gerais state, a task that should take 110 days to be carried out from April 2023.Ternium's Rio de Janeiro plant, known as Companhia Siderurgica do Atlantico, CSA, has two blast furnaces each with a capacity for 2.5 million tonnes of steel per year and is producing around 4.5 million tonnes a year
