Brazilian steel producer Usiminas is to invest BRE 743.5 million this year to upgrade its production infrastructure. A source at the company tells Steel Business Briefing that 30% of this (BRE 222.6 million) will go on the construction of a new coking plant. This is designed to make Usiminas self-sufficient in coke. Another BRE 213 million will fund construction of a power plant that will increase its own energy production to more than 50% of requirements. The rest of the money will be used for environment projects and technical upgrades at the group’s two integrated steel plants in Ipatinga, Minas Gerais state, and Cubatão, São Paulo state.
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