Gerdau to invest additional $18 million at Indiana mill
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On Wednesday, Gerdau Special Steel North America confirmed that over the next two years, it will invest another US$18 million at its Huntington, Indiana plant. The initial US$9 million investment was initiated last year and has since been completed, equipping Gerdau with five quench and temper lines. Phase two will add a new crane, improve the facility's equipment to including the newest steel bar turning, polishing, induction and heat treating.
Gerdau Special Steel North America's president Jack Finlayson said in a statement "As our customers' requirements for value-added bar processing continues to grow, we are expanding our capabilities to meet their needs and be their supplier of choice."