Gerdau Group´s production capacity tops twenty million metric tons

Investments totaling US$ 1.5 billion at the Ouro Branco mill boost the Gerdau Group’s annual steel production capacity from 19 million to 20.5 million metric tons

The increased production capacity at Gerdau Açominas, from 3 million to 4.5 million metric tons per year, places the Gerdau Group at a new level in the global steelmaking scenario. With this US$ 1.5 billion investment in the mill, located at Ouro Branco (state of Minas Gerais), the Gerdau Group’s annual production capacity will reach 20.5 million metric tons, compared to the current 19 million. The expansion of the mill is focused on meeting the demands of the international market, which receives more than 70% of its production, for use mainly in the naval and automotive industries, in appliances and in forged pieces. “Global demand has remained high, especially due to consumption in China, and this trend should continue throughout the year,” stated the Gerdau Group’s chairman. According to the International Iron and Steel Institute (IISI), world production reached 104 million metric tons in the month of May, up 9.3% on the same period last year. INVESTMENTS
 
 
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