Gerdau announced late last week it will provisionally suspend output at its Divinopolis mill, located in the city of same name in the state of Minas Gerais.
The company’s energy optimizing furnace (EOF) mill should start furloughing its employees by December this year, according to a media report, adding that during the furlough period, workers will pass through a qualification program. Client support will be continued at the mill, the company added.
The Divinopolis unit is an integrated and rolling mill that produces rebar and merchant bar. It has a 570,000 mt/year crude steel capacity and a 460,000 mt/year rolled products capacity.