# Gerdau investing $60.6M to expand Monroe mill capacity

Gerdau is investing BRL 266 million ($60.6 million) to expand capacity by 160,000 mt/year at its Monroe, Michigan mill for SBQ.

- Type: Expansion
- Announced: 2020-02-20
- Where: Monroe, Michigan, United States
- Value: $60.6M
- Starts operating: 2020
- Status: under construction
- Capacity: 160,000 mt/year
- Products: SBQ
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Gerdau](https://endata.com/companies/16353.md)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/gerdau-investing-2857-million-to-expand-capacity-at-three-mills-1133624.htm), 2020-02-20: "The company’s Monroe, Michigan mill in the US will receive BRL 266 million ($60.6 million) in funds for a 160,000 mt/year SBQ capacity expansion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.