29
Dec
08:47
Grupo Simec to upgrade Brazilian Cariacica plant
Mexican long steel producer Grupo Simec plans to upgrade its Cariacica plant in Brazil, Kallanish notes. The $50 million investment will raise production at the site in Espírito Santo state by almost 33% to 800,000 tonnes/year.
“Our plan includes expanding the meltshop, as well as the upgrade of the rolling mill of the Cariacica plant,” explains group chief executive for Brazil Jaime Moncada Ramos. The investment will allow Simec’s an…
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Anonymous
Very good overview of the weekly steel market.
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