Gerdau slates $50M to lift SBQ output

May 07, 2012 | 04:03 PM | Michael Cowden

Tags  Gerdau, Andre Johannpeter, SBQ, new capacity, new caster, St. Paul, Minn., North America USW

TORONTO — Gerdau SA on Monday confirmed plans to invest $50 million to replace the continuous caster at its mill in St. Paul, Minn.

The Porto Alegre, Brazil-based steelmaker said the money would boost special bar quality (SBQ) capacity to 550,000 tons per year, up 100,000 tons from current capacity levels.....

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