Gerdau plans to build a new steel plant in Mexico
The company continues to invest in the country to continue to meet steelmaking needs.
With an estimated production of 600,000 tonnes of special steels per year, the Brazilian company Gerdau is planning to build a new steel mill in Mexico, which will join the three steel production and rolling mills already installed in Mexico.
Gustavo Werneck, CEO of the company with more than 120 years of experience in the steel industry, explained that, although the dimensions of the project have not yet been defined, a significant investment is estimated for the construction of this factory. "If we take into account other investments, the market estimates that a steel mill like this needs investments of 500 million to 600 million dollars.
However, the official figure will be released until the final results of the studies are available," he said. The company, which is present in nine countries, is still evaluating the location of this new unit, however, there is the possibility of establishing itself in the central region of the country, where it already produces long steel.
The Brazilian company specializing in steel production expects to start construction work at the end of this year, but it could well be until early 2025 when it will be carried out.
The new industrial building is committed to sustainability, using state-of-the-art technologies and raw material sources that minimize carbon emissions. The company aims to reduce its carbon emissions to 0.82 tonnes per tonne of steel by 2031.
Operation in Mexico
Gerdau is one of the leading suppliers of long steel in the Americas and one of the largest producers of special steels in the world, a pioneer in the steel sector and in the implementation of digital innovation initiatives. It produces products from the recycling of 11 million tonnes of scrap, making it the largest scrap recycler in Latin America.
It operates three steel production and rolling mills with an installed capacity of more than 1.5 million tonnes of liquid steel per year, located in Sahagún, Hidalgo, and in Tlalnepantla and Tultitlán, the latter two in the State of Mexico. It has two steel mills, two distribution centers and seven scrap collection and processing units.