2.In a rod mill, rotary heating reels and means for driving and reversing them, rolls arranged to deliver metal to and receive it from the reels, said reels being geared to rotate at a less speed than the rolls from which they receive the metal, and at a greater speed than the rolls to which they deliver the same; substantially as described.
Brazilian steelmakergerdau has announced that it has entered into a definitive agreement withoptimus steel llc to sell its beaumont, texas wire rod mill and two downstream facilities to optimus steel for a consideration of $92.5 million.The transaction is subject to regulatory clearances and customary closing conditions, and is anticipated to close before the end of the current year.
The rod mill will start delivery in 30 days after payment.It will be packed in the export standard container, its main motor and spare parts will be put in the water-proof and sealed wooden case.
The company expects the new rod mill to cost approximately $55 million, of which approximately $15 million remains.The company expects production at the mill to begin during the second quarter of 2016.
L.In a rod mill system, a blooming mill, shears, and a long reheating furnace located conveniently thereto, and mechanism arranged to carry the metal from the blooming mill either through the shears or to the long reheating furnace; substantially as de scribed.
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