Brazilian flats steelmaker Usiminas said it is mulling investments for its Cubatao mill, including an additional galvanizing line. The company’s CEO, Sergio Leite, said the steelmaker’s three galvanizing lines are operating at full capacity.
Additionally, Usiminas is mulling a fourth galvanizing line, Leite said. However, he did not provide a timeline for the proposed investment.
“All our assets are under constant evaluation,” said Alberto Akikazu Ono, the company’s vice president and investor relations director.
“We’re mulling those investments, but there’s no definite or taken decision inside the company about amount or timing. These are investments that will take years,” he said, when asked by an analyst.
Leite said the resuming of primary activities at the Cubatao mill, which was shut down in 2016, will not take place before 2021.