The company will build a long steel plant in San Nicolás with capacity for 360,000 tons per year. The investment will demand a disbursement of US $ 286 million.
He Ministry of Economy approved the adhesion of Sidersa to the incentive regime for large investments (Rigi), which will allow you to develop in the Buenos Aires town of San Nicolás de los Arroyos he “Argentine Siderurgic Project Sidersa”: a new long steel plant that includes both the steel and continuous laminator in Tandem and that will demand a total investment of U $ 286.3 million.
Of the total investment amount, Sidersa will allocate US $ 142.9 million during the first year YU $ S127.3 million in the second year, exceeding the requirement of 40% minimum investment established by the RIGI regulations. The construction schedule provides a total term of 36 months, with deadline to complete the minimum investment on October 31, 2026.
The use of green technology
According to Resolution 1028/2025 published in the Official Gazette, the initiative stood out for “The implementation of state -of -the -art technology oriented to sustainability”which will generate “lower carbon dioxide emissions with respect to traditional technologies and under a circular economy production model that will reduce the consumption of natural resources and reduce the environmental footprint from the use of 99.5% scrap as raw material.”
The new plant will have an installed capacity of 360,000 tons per year of smooth and nervous rods, and smooth and wisely wired. According to the company’s plans, Effective production will reach 290,000 tons per year from the fourth year of start -up.
Steel Foundry
The increase in competition
The National Competition Commission (CNDC) positively evaluated the project, considering that “it would result in the entry of a new national producer with A projected capacity of 15% of domestic consumption and 12% of the total capacity installed “which “will contribute to a greater rivalry in the market.”
The agency also stressed that “the adoption of advanced technology will reduce operating costs, which could generate a decrease in the prices of long steel products.”
Projects approved by the rigi
Sidersa’s investment is the Fifth project approved by the Rigibeing preceded by the solar park El Quemado, Vaca Muerta Pipeline Sur, the Licuefaction Plant in Río Negro de Pan American Energy and the Lito Rio Rio Río Rio site.
For its part, six projects are still approved. Except for the project of a Wind Park in Olavarría of Argentina renewable electricity generation SA, The remaining five are linked to mining: Gold salt from the South Korean company postco; the Mariana Dea Litera Minera Initiative Argentina SA; West dead man of Galam Lithium; Gualcamayo, from the company Minas Argentina SA; and LOS BLUES, DE ANDES CORPORACION MINERA SA.
Source: Ambito
