Reported 29 days ago
Gerdau S.A., Brazil's largest steel producer, has launched a new $400 million hot-rolled coil line at its Ouro Branco facility to enhance its competitiveness in high-value steels and boost its annual EBITDA. This investment aligns with the company's commitment to sustainability, as it produces approximately 70% of its steel from recycled scrap. Additionally, Gerdau is exploring plans for a special steel unit in Mexico to serve the growing automotive sector while maintaining environmentally friendly production practices.
Source: YAHOO