8,885.00 TRY BIST 100 BIST 100
4.87 CNY CNY CNY
34.34 USD USD USD
37.42 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
44.67 TRY Interest Interest
74.45 USD Fossil Oil Fossil Oil
32.79 USD Silver Silver
4.44 USD Copper Copper
102.49 USD Iron Ore Iron Ore
374.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,023.12 TRY Gold (gr) Gold (gr)

Gerdau launches feasibility study for new production unit

Brazilian steelmaker Gerdau is considering building a specialized steel plant to expand its presence in Mexico.

Gerdau launches feasibility study for new production unit

Gerdau has taken a step to address optimistic projections in the country's automotive industry and supply chain challenges during the pandemic. The company has started feasibility studies to build a new unit with a production capacity of up to 600,000 tons per year.

Gerdau's move follows a 3.3% production increase in its specialty steel business, despite a 2.8% drop in first-quarter crude steel production in North America. This increase in the specialty steel business, driven in particular by automobile production in Brazil, motivated the company to build a new production unit.

Mexico's auto sales to the US increased by 0.9% in March, while first quarter auto exports rose by 1.9% y-o-y.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

AM/NS India is set to develop one of India’s most substantial steel projects

Monday, November 4, 2024

Cleveland-Cliffs completes acquisition of Stelco

Monday, November 4, 2024

Jordan Steel Company Keeps Rebar Prices Steady for November 2024

Monday, November 4, 2024

Indonesia's nickel reserves under threat: Could run out in 5 years

Monday, November 4, 2024

Turkish rebar market stagnation: challenges with high costs and weak demand

Monday, November 4, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now