Gerdau idles Ontario melt shop, NY shredder
Aug 06, 2013 | 05:17 PM
| Samuel Frizell
NEW YORK Gerdau Long Steel North America is halting billet production at its Cambridge, Ontario, mill and idling its Buffalo, N.Y., shredder due to market conditions, the company told AMM Aug. 6.
"Due to the slower than expected economic recovery and the impact of imports, the company has decided to shift billet production from its smaller melt shop at the Cambridge mill to its larger melt shop in Whitby, Ontario, which has the capacity to produce enough billets for both mills under current market conditions," a spokesman for Tampa, Fla.-based Gerdau said in an e-mailed statement.....
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