Apr. 22, 2021 - Brazilian integrated steelmaker Gerdau
said on Thursday it will resume steel output at its Araucaria mill, located in
the state of Parana, by H2 this year. Gerdau said the restart is due to the
positive outlook for domestic demand for steel in Brazil.
Gerdau will spend RBL 55 million ($10 million) to restart
operations at the mill, which has the capacity to produce 420,000 mt of crude
steel per year. The Araucaria mill has been idled since 2014. Gerdau said it
will gradually resume activities. It expects to generate 300 new job positions.
Earlier this week, Gerdau also announced it would resume
activities at its Mogi das Cruzes specialty steel mill by H2.
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