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Metal One, Usiminas To Raise Steel Pi...

by tubelinks on 10/01/2011 - 03:04 pm
Tag: Press Release

Steel trading firm Metal One Corp. and Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA, or Usiminas, plan to expand steel pipe manufacturing capacity in Brazil by 40%.

By June 2012, capacity will be increased at a plant in the southern state of Rio Grande do Sul and at another in the eastern state of Sao Paulo, resulting in a combined capacity of 14,000 tons a month.  The expansion will cost 30 million reais, or around 1.26 billion yen.  The factories are operated by steel processor Solucoes em Aco Usiminas SA, also known as Solutions Usiminas, in which Metal One has a 20% interest and Usiminas holds a 68.9% stake.

Both facilities turn steel sheet procured from ...

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