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It is reported that Brazil group Gerdau announced to expand flat steel production capacity to 3 million tons. The company estimated to invest approximately US$1.6 billion for upgrade and it expected to be completed in 2015. Meanwhile, the company's OuroBranco long products plant expects to increase annual hot rolled sheet production capacity from 800,000 tons to 12 million tons. The company also planned to produce 1.1 million tons of thick plates and expand steel production capacity to 1.8 million tons in phase II accordingly.