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Gerdau, The Largest Steel Producer in Brazil, Reactivated This Month The Steel Mill at Its Mogi das Cruzes Unit in The Interior of The State of São Paulo
Gerdau reactivated this month the steel mill at its Mogi das Cruzes unit in São Paulo. As described by the company, this is a “reflection of the positive outlook for the recovery of the automotive sector in Brazil.” The largest steel producer in Brazil emphasizes that the plant at the unit had been dormant since March 2019 and will operate with an annual capacity of about 180 thousand tons of steel. Also see this news: To Expand Its Steel Production Capacity, Gerdau Will Invest US$ 500 Million in a Plant in The State of Minas Gerais
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The Return of Steel Production at The Unit in São Paulo
The restart of steel production activities at the plant in Mogi das Cruzes, in the state of São Paulo, is part of Gerdau’s “sustainable growth” cycle, which foresees investments of approximately R$ 1 billion in the modernization and expansion of special steel operations in the country – encompassing, in addition to the Mogi plant, the production units in Pindamonhangaba – also in São Paulo, and in Charqueadas, in the state of Rio Grande do Sul.
Rubens Pereira, Vice President of Special Steels at Gerdau in Brazil, says that “We are optimistic about the recovery of steel consumption in the automotive sector in the domestic market, especially in the heavy vehicle segment, and for this reason, we are preparing for a new growth cycle, seeking to generate more value for our customers. The reactivation of the Mogi das Cruzes steel mill is part of this cycle and aims to increase our productivity, meeting the growing demand, especially in the automotive and machinery sectors.”
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The executive also emphasizes that for the region of Mogi das Cruzes, the reopening of Gerdau’s steel mill also means more direct and indirect jobs, and we are pleased to contribute to the economic and social development of the region.
Also Check This News: Gerdau Will Invest R$ 6 Billion to Expand Production in The State of Minas Gerais. About 6 Thousand Jobs Will Be Created
Gerdau announced an investment plan of R$ 6 billion in the state of Minas Gerais over the next five years for modernization, technological updates, and expansion of its local operations. With this investment, the largest steel producer reinforces its commitment to sustainable, economic, and social development in the state and will generate more than 6 thousand direct and indirect jobs.
Gerdau’s investments will be divided into three pillars: growth, technological updates, and diversification, with the enhancement of environmental practices as a transversal premise of the announced program. This is a plan that will encompass all regions of Minas Gerais, where the company operates, benefiting dozens of municipalities in activities related to steel production, mining, renewable energy production, and planted forest activities.
Two significant investments to expand steel production will occur in Ouro Branco, in Minas Gerais, where the company has its main production plant. The unit will have its annual production capacity of hot coils increased by 250 thousand tons/year, with production expected to start in early 2024. Furthermore, Gerdau is expanding the production of structural profiles by 500 thousand tons/year, doubling its current capacity, with production start projected for 2025. With this, Gerdau aims to continue meeting the growing consumption of the sectors that use these products in Brazil and Latin America.
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