Gerdau resumes Mexican steel plant project

Aug 03, 2012 | 09:50 AM | Juan Weik

Tags  Gerdau, GerdauCorsa, Aceros Corsa, steel, long products, Mexico project, Juan Weik

SÃO PAULO, Brazil — Gerdau SA has resumed a joint-venture project to build a greenfield steel plant in Mexico with a capacity to produce 1 million tonnes of crude steel and 700,000 tonnes of structural profiles per year, it said Thursday.

Expected to cost 1.1 billion reais ($536 million), Gerdau Corsa is scheduled to come online in the second half of 2014, the Brazilian steelmaker said.....

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