Gerdau to restart steel billet unit in southern Brazil after 6.5 years

Brazilian steelmaker Gerdau will restart operations at its Araucária unit, in the country’s southern Paraná state, after 6.5 years of downtime, the company said on Thursday April 22.

Production will resume at a gradual pace, depending on domestic market developments, Gerdau said. Total crude steel capacity at the site is 420,000 tonnes per year, it added in a filing to Brazil’s securities and exchange commission, CVM.

Gerdau decided to idle Araucária in November 2014, amid adverse market conditions. The decision to restart it was based on positive prospects for the construction,...

Published

Renato Rostás

April 22, 2021

18:08 GMT

São Paulo