Brazilian steelmaker Gerdau SA plans to reactivate its mini-mill in Mogi das Cruzes in March due to the recovery of the local auto industry, according to a statement on Thursday.

That will bring online 375,000 tonnes of special steel capacity, in addition to about 1 million tonnes of installed capacity in the segment elsewhere in Brazil, Gerdau said, adding that it had enough capacity to serve automakers’ growing demand until 2025.

Source: reuters.com