MONROE, Mich. — Gerdau unveiled the latest part of its $155 million investment in its Monroe steel plant Wednesday.
The company showed off its new continuous caster, which takes liquid steel and forms it into solidified steel billets for subsequent re-rolling. The company said additional upgrades are being made throughout the mill that will help it meet growing demand.
Gerdau is a leading producer of long steel in the Americas and one of the largest suppliers of special steel in the world.
“We're excited to showcase the latest in steelmaking technology,” said Jack Finlayson, president of Gerdau's North American special steel division. He said the investment shows “Gerdau’s commitment to the industry, our community, and our customers.”