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The Long Steel Plant of ArcelorMittal, Located in the City of João Monlevade, Central Region of Minas Gerais, Will Restart Mill 3
ArcelorMittal announced yesterday, Tuesday (08/10) that Mill 3 of the João Monlevade unit in Minas Gerais will begin operations in January 2022. The start of activities at the plant is motivated by market demand and economic growth prospects. In total, the resources allocated for Mill 3 amount to R$ 580 million, considering the investments for equipment installation and disbursements for its activation. Also see: Major Steel Producer, ArcelorMittal Has 41 Job and Internship Openings for Mechanics, Operators, Technicians, and More
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Reactivation of the Mill at the Plant in Minas Gerais
The equipment has a capacity to produce 1 million tons/year of steel; however, the production will occur gradually and in line with market demand. Mills 1 and 2 of the plant in João Monlevade, Minas Gerais will continue developing special steels for the unit, which currently has an installed capacity of 1.2 million tons of steel per year.
For the operation of Mill 3, built in 2015, ArcelorMittal was waiting for improved market conditions. The purpose of the mill is to ensure full service to customers. Strong demand for steel, especially in the advancement of civil construction, and economic indicators have enabled the operation of the mill.
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New Jobs to Be Created by ArcelorMittal with the Operation
The estimate is about 120 new jobs with the operation of the mill at the João Monlevade plant, an initiative that reinforces the importance of the unit for the company’s operations in Brazil. In total, the resources allocated for the mill amount to R$ 580 million, considering the investments for equipment installation and disbursements for its activation. Of that R$ 580 million, more than 90% of the investment was disbursed for the installation of the equipment in 2015. The other 10% are for the activation of the equipment.
Also Check This News: To Expand Production Capacity, Gerdau Will Invest US$ 500 Million in Plant in the State of Minas Gerais
Gustavo Werneck, the CEO of Gerdau, stated in a conference call that the company will expand the capacity of hot coil rolling and structural profile production at its plant in Ouro Branco, Minas Gerais, with investments amounting to US$ 500 million. The capacity of the hot coil rolling mill (BQ) will be 250 thousand tons per year, while that of the profile machine, a product the Werneck stated that Gerdau is the only producer of in Latin America, will be 500 thousand tons per year.
In addition to the investments for the plant in Ouro Branco, Gerdau also announced an investment plan of R$ 6 billion in the state of Minas Gerais over the next five years for modernization, technological upgrades, and expansion of its local operations. With this funding, the company reinforces its commitment to sustainable, economic, and social development in the state and will generate more than 6,000 direct and indirect jobs.
Two major investments in expanding steel production will take place in Ouro Branco, Minas Gerais, where the company has its main production plant. The unit will have an annual production capacity of hot coils increased by 250 thousand tons/year, with production expected to start in early 2024. Furthermore, Gerdau is expanding structured profile production by 500 thousand tons/year, doubling current capacity, with production commencement projected for 2025. With this, Gerdau aims to continue meeting the growing demand of the consumer sectors for these products in Brazil and Latin America.
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