Brazilian flat steel producer Usiminas plans to invest around 60-70 million Reais ($15-18 million) this year in preparations for maintenance work at its No3 blast furnace in Ipatinga city, in the southeastern Minas Gerais state.
The reform is expected to be made in 2020-21, according to the company, but Usiminas is already preparing for expenses with projects and equipment acquisition."After the blast furnace revamp, we are expecting an improvement in several operational indicators," industrial vice president Tulio Chipoletti said in a conference call on Thursday April 18. "We are working to see a reduction in cost [of...