Gerdau Special Steel North America is launching an additional $70.3 million investment project at it’s Monroe mill in Michigan, three years after completing a $155.6 million capital investment at the same facility.

With its latest investment, the plan is to add a new electric arc furnace (EAF) transformer, controls and mechanical upgrades in the EAF, and a new twin ladle furnace and material handling system.

According to Mark Marcucci, president of Gerdau Special Steel North America, commented: “This project will upgrade our EAF and secondary refining technology and will be the final step to elevate the technological capability at Monroe to world class.”