Gerdau investing $285.7M to expand capacity at three mills

Gerdau is investing BRL 1.2 billion ($285.7 million) to expand capacity at three mills in Brazil and the US by the end of 2020. The expansions include 400,000 mt/year at Pindamonhangaba, 160,000 mt/year at Monroe, and 530,000 mt/year at an undisclosed US mill.

“Gerdau said in a quarterly earnings presentation it will spend BRL 532 million ($121.2 million) to expand capacity by 400,000 mt/year at its Pindamonhangaba mill in São Paulo state for special quality bars.”steelorbis.com

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• steelorbis.comGerdau investing $285.7 million to expand capacity at three millsFeb 20, 2020

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