Asset Report
Ouro Branco steel plant
Report summary
The Ouro Branco steel mill is owned and operated by Gerdau in the city of Ouro Branco, Minas Gerais state. The plant is Gerdau's largest steelmaking operation and has historically just produced sections and rods destined for the construction sector. However, since 2013, Ouro Branco has also been producing hot rolled coils and, more recently, in 2016, started producing plates. The operation benefits from captive iron ore from Gerdau's Várzea do Lopes mine located 10 kilometres away. Ouro Branco has two blast furnaces (BFs), #1 and #2, which together hold a hot metal production rate of 4.4 Mtpa. In early April 2020, Gerdau announced the idling of BF #2 due to weak market conditions following the coronavirus crisis. A few months later, in August, the company opted to bring the furnace back online claiming improved demand fundamentals. We expect Ouro Branco to produce close to 5% more crude steel in 2022.
Table of contents
- Summary
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Key Issues
- Participation
- Steel plant overview
- Key raw materials rates
- Iron ore
- Coal
- Coke
- Metallics
- Energy
- Capital costs
- Operating cash costs
Tables and charts
This report includes 11 images and tables including:
- Detailed map
- Downstream products
- Finished steel production
- Production table (Mt)
- Capital costs
- Total operating cash costs - Finished steel
- Operating cash cost table
What's included
This report contains:
