Gerdau slates $253M Siderperú expansion

Sep 18, 2012 | 12:19 PM | Ana Paula Camargo

Tags  steel, Gerdau, Peru expansion, Sideperu, flat-rolled steel, Ana Paula Camargo

SÃO PAULO, Brazil — Gerdau SA will invest $253 million to install a long steel rolling mill and an electric-arc furnace (EF) at Peruvian subsidiary Siderúrgica del Perú SAA (Siderperú).

The 900,000-tonne-per-year rolling mill will be able to produce both reinforcing bar and wire rod, increasing annual capacity for these products to 1.2 million tonnes from 300,000 tonnes, Siderperú said in a notice filed with Peruvian securities....

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