Gerdau Expands Steel Supply

By Staff -- Purchasing, 3/13/2008

Brazilian Steel Giant Gerdau said it will spend $6.4 billion to expand steel production by 14% to 28.3 million metric tons by 2010. Gerdau also plans to use its 1.8 billion tons of iron-ore reserves to produce enough iron ore to supply 80% of its needs by 2010, minimizing its reliance on iron-ore producers.

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Gerdau Expands Steel Supply

By Staff -- Purchasing, 3/13/2008

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