Simec to double long steel capacity at Brazil's Pindamonhangaba mill

Mexican steelmaker Grupo Simec will invest $300 million to double long steel capacity at its Pindamonhangaba mill in Brazil’s southeastern state of São Paulo, the municipality of Pindamonhangaba announced on Thursday May 27.

By installing a new electric-arc furnace at the site, Simec intends to increase crude steel capacity to 1 million tonnes per year, from 500,000 tpy currently. Scrap recycling capacity will grow to 1.25 million tpy, from 625,000 tpy, the municipality added.

Pindamonhangaba was the first mill the Mexican company inaugurated in...

Published

Renato Rostás

June 01, 2021

05:08 GMT

São Paulo