Gerdau to invest additional $18 million at Indiana mill

Friday, 16 March 2012 01:21:53 (GMT+2)   -  

Tags: merchant bar , longs , USA , North America , investments , steelmaking , Gerdau | similar articles » SteelOrbis News

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."