Metal Center News
Minimize
  
9-15-2010 News
Minimize
Gerdau Macsteel Invests $67 Million in Mill Upgrade
 
SBQ producer Gerdau Macsteel has announced a $67 million capital investment program for its production mill in Monroe, Mich. The upgrades will improve the plant’s reliability and quality, as well as increase its installed capacity by 225,000 short tons through 2013.

The plan includes installation of a new caster, upgrades to the plant's melt shop and new infrastructure construction. Upgrades in the melt shop's process technology will allow the plant to meet the increasing demands of the special bar quality steel market, while increased capacity will allow it to take advantage of new market opportunities, company officials claim. 

"This new capital investment program for Monroe is indicative of Gerdau's optimism over the North American market, where we are seeing a market recovery from the historical low points witnessed earlier," says Gerdau CEO Andre Johannpeter.

Gerdau Macsteel will continue to explore growth opportunities in new applications, both in the automotive and non-automotive sectors, which could lead to additional investments throughout the company's production network, he adds.

The capital investment is subject to final approval of local and state incentives offered by the Michigan Economic Development Corp. and the City of Monroe.

  
From the Editor's Desk
Minimize
October 2014: It's Your Job to Help Fill the Skills Gap
More...
 
Pause
Business Practices and Technologies
Minimize
October 2014: Mixed Outlook for Global Metals Prices
More...
The Cutting Edge, a service center technology supplement to Metal Center News
More...
Summer 2014
More...
 
Pause
New Products
Minimize
Trumpf Expands Range on TruMark 5000 Series
More...
Koike Aronson Debuts New Plasma Cutter
More...
Miyachi Unitek's Sigma XY
More...
New TMC is Messer's Largest Cutting Machine
More...
Laserdyne 795 XLZ Designed for 3D Parts
More...
Mazak's STX Champion Cuts Thick Sheets
More...
 
Pause
Directories
Minimize
Metal Center News 2014 Directories: Print or Digital copies are available for $85 U.S. for each copy.
 

 
2014 Metal Distribution Directory  
(Not Published on This Web site)
Metal Center News' Spring Metal Distribution Directory is your on-line guide to Metal Producers, Equipment Manufacturers and Software companies.  



 
2014 Directory of Master Distributors
(Not Published on This Web site)
The Metal Center News Directory of Master Distributors—distributors who sell to other distributors—is an invaluable tool for service centers seeking new sources for special or hard-to-find products. Master distributors play an important role in the marketplace, giving service centers an alternative to buying in mill quantities and helping to remove redundant and excess inventories from the distribution channel.



 
2014 Directory of Toll Processors
(Not Published on This Web site)
Metal Center News' annual toll processing directory is a simple-to-use resource to help companies locate service providers that can meet their specific processing needs.


Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Sunday, November 23, 2014