In a momentous stride towards reinvigoration, the esteemed Brazilian flats producer, Usiminas, readies itself for the resumption of its largest blast furnace - the illustrious furnace #3. Having been idled for a comprehensive revamping in the month of April, this prodigious unit with a staggering pig iron production capacity of 3 million metric tons per year, reigned at a commendable 60 percent capacity rate during its extended 24-year campaign.
According to reports in local media, the refurbishment endeavors entailed investments of an estimated $560 million, culminating in the eagerly awaited restart of production later this year. However, prudence demands that the complete ramp-up process will extend over several months, delaying the tangible financial benefits of these initiatives until the auspicious year of 2024.
Source: Steelguru
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