Brazil-based steelmaker Gerdau plans to invest R$2.5 billion (US$1.5 billion) to more than double the production capacity at its wire rod and rolling mill in Santa Cruz.
Expansion of the Cosigua plant will be divided into two phases. The first will be completed in 2013 and will involve upgrading the rolling and wire rod output capabilities. The next phase will include building a second mill between 2014 and 2016.