Source: Modern Metals
A major North American steel producer recently announced a $70.3 million investment project at the same facility that underwent a $155.6 million overhaul three years ago, launching an upgrade that will include a new electric arc furnace (EAF) transformer, controls and mechanical upgrades in the EAF, and a new twin ladle furnace and material handling system. The culmination of these investments will increase Gerdau Special Steel North America’s shipping capacity to 720,000 tons, a 180,000-ton increase from the current shipping capacity.
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