Steel Mills

Gerdau Completes Upgrade at Virginia Rolling Mill
Written by David Schollaert
May 2, 2021
Long products steelmaker Gerdau has completed the installation and cold commissioning of the rolling mill upgrade at its structural steel mill in Petersburg, Va.
The $33 million project–originally slated for completion by late 2020 but delayed due to the impact of COVID-19–has also begun initial hot rolling trials, a company spokesperson confirmed.
The project involved a variety of upgrades to the 24-year-old facility, including the installation of two new rougher stands. The project was designed to improve the mill’s capacity and productivity while expanding its product offerings.
“As Gerdau celebrates its 120th anniversary, the company continues to enhance its operational capabilities and production efficiencies,” said Chia Yuan Wang, president of Gerdau Long Steel North America. “This investment reflects our commitment to our customers, as well as our desire to expand product line offerings in order to grow in attractive market segments.”
Gerdau’s Petersburg electric-arc-furnace (EAF) mill in Virginia has annual capacity of 1.065 million short tons. It produces wide-flange beams, H-pile, sheet piling, and structural merchant products.
The upgrade at Petersburg is part of a larger combined North American investment plan that also includes upgrades to the medium section mill at the Carterville, Ga., plant. The goal of this multi-fold project is to advance Gerdau’s North American operational capabilities and improve production efficiencies and capacity. Gerdau expects to complete the upgrades at the 1.020 million short tons per year EAF facility in Cartersville by this summer.
By David Schollaert, David@SteelMarketUpdate.com

David Schollaert
Read more from David SchollaertLatest in Steel Mills

Ternium pushes forward with growth projects despite slump in earnings and Mexican market
Ternium S.A. Fourth quarter ended Dec.31 2024 2023 Change Net sales $3,876 $4,931 -21.4% Net income (loss) $333 $554 -39.9% Per diluted share $1.43 $2.11 -32.2% Full year ended Dec.31 Net sales $17,649 $17,610 0.2% Net income (loss) $174 $986 -82.4% Per diluted share $(0.27) $3.44 -108% (in millions of dollars except per share) While […]

Kestenbaum, Ancora state their case in proxy fight for U.S. Steel
Ancora Holdings is moving forward with its proxy fight to oust U.S. Steel’s leadership and install a new board of directors and Alan Kestenbaum as CEO.
BlueScope shelves midstream facility but still upbeat on US
BlueScope Steel is pulling back on its expansion plans in the US for now but remains optimistic about the North American market.

Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]

Trump says Nippon will ‘invest heavily’ in USS rather than buy it
Nippon Steel has agreed to “invest heavily in U.S. Steel as opposed to own it,” President Donald Trump said on Friday during a press conference with Japanese Prime Minister Shigeru Ishiba. U.S. Steel is “a very important company” and was once “the greatest company in the world”. Of potential foreign ownership of the Pittsburgh-based steelmaker, Trump said, “the concept, psychologically, not good."