This excerpt taken from the GGB 6-K filed Jun 10, 2005.
New mill in Paulo The new melt shop in Araçariguama, state of São Paulo, is in its final phase and should start producing crude steel in July. To get this part of the project into actual production investments totaling US$ 114.0 million were required. The total amount was used for civil construction, steel structure, acquisition and installation of equipment. The project includes a rolling mill that should cost an additional US$ 60.0 million and is scheduled to begin operating in the second quarter of 2006.