Mexico’s Grupo Simec to build new rebar/wire rod mill in Brazil

Friday, 11 November 2011 02:43:40 (GMT+3)   |  
       

Guadalajara, Mexico-based Grupo Simec, a steel manufacturer for the construction and automotive industry, announced Thursday that it plans to invest over $500 million in a new rebar and wire rod mill in Sao Paulo, Brazil. The steelmaker already has operations in Mexico, the US and Canada.

The mill will be built over the next 20 months and will begin operations in the latter half of 2013. In its first phase, the plant will have over 500,000 tons of annual production capacity.


Similar articles

Import longs offers in Romania now attractive, local prices stable

28 Mar | Longs and Billet

Turkey seeks to raise rebar export offers, demand mostly seen locally

27 Mar | Longs and Billet

Saudi Arabia’s Hadeed keeps local longs prices stable again for April

26 Mar | Longs and Billet

Iskenderun-based Turkish mill issues its longs prices

26 Mar | Longs and Billet

Local Chinese longs prices up $7-8/mt amid improved demand

25 Mar | Longs and Billet

Stocks of main finished steel products in China down 0.6 percent in mid-March

25 Mar | Steel News

Lebanese rebar market quiet while import prices drop

22 Mar | Longs and Billet

Iskenderun-based Turkish mill cuts longs prices as week ends

22 Mar | Longs and Billet

Partial stability in southern European longs market, Easter closures expected

22 Mar | Longs and Billet

Romanian longs prices stable amid ongoing optimism for demand

21 Mar | Longs and Billet