26
Aug
13:27
Usiminas expands Ipatinga's BF3 investment
Brazilian steelmaker Usiminas is increasing its investment in the revamp of blast furnace number 3 at its Ipatinga plant in Minas Gerais. The decision was approved by the steelmaker's board of directors on 26 August, the company says in a statement monitored by Kallanish.
“We approve an additional BRL 633 million ($123.8m) for the relining of the BF3, justified mainly by the inflationary effects on all costs involved in the project originally approved in…
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Anonymous
Very good overview of the weekly steel market.
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