Usiminas mulls installing new galvanizing line

Tuesday, 23 April 2019 23:20:58 (GMT+3)   |   Sao Paulo
       

Brazilian flats steelmaker Usiminas plans to send to its board a BRL 1 billion investment request to install a new galvanizing line, according to a media report by Reuters.

The new galvanizing line, as anticipated by SteelOrbis, would be installed at the company’s Ipatinga mill, in the city of same name in the state of Minas Gerais.

Usiminas didn’t disclose a specific timeline for either the investment to be approved nor the new facility to start-up.

Usiminas has an installed HDG capacity of 900,000 mt/year. It also has an installed capacity for electro-galvanized (EG) steel products of 360,000 mt/year.

Additionally, Usiminas plans to invest another BRL 1 billion to repair its No. 3 blast furnace at its Ipatinga mill.

The 20-year old equipment will require a 100-day maintenance in 2021.

 


Most Recent Related Articles

Local Chinese pig iron prices in China - week 4

Samancor Chrome plans to retrench staff amid tough business conditions

Ex-CIS billet prices under pressure from weak demand, negative sentiment in scrap

Short sea scrap price down sharply in fresh deals to Turkey