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    May 9, 2024

    CRU: Gerdau mulls new steel mill in Mexico

    Written by CRU

    Brazil-based Gerdau has announced it will carry out a feasibility study into the greenfield development of a 600,000 metric-ton-per-year (mt) special steel plant in Mexico. The driver is a positive outlook for the country’s automotive industry and the near-shoring movement in the US.

    “We are always looking for opportunities that can add value to our portfolio, observing future consumption trends, and markets that are aligned with our ambitions,” said CEO Gustavo Werneck.

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