Steel News

We strive to let you one step ahead of the market.

Primetals Technologies to supply 69-kV STATCOM to Gerdau Petersburg

9 Jun 2023 15:00 reported by Joy Liu

A A A
Primetals Technologies, an engineering and plant-building company headquartered in London, has signed a contract to provide Gerdau Petersburg in Virginia with a 69-kV static synchronous compensator (STATCOM) to support the plant’s alternating current electric arc furnace (AC EAF).

The installed construction will be completed within the next 27 months. After the facility is commissioned, it will be the largest industrial STATCOM ever implemented by a steel mill in North America.

Back to Steel News

Related News

Severstal completes 843 million ruble equipment overhaul at CherMK

  • Industry Activities
  • 20 May 2026 16:43

Sweden’s SSAB invests in specialty steel for defense demand

  • Industry Activities
  • 20 May 2026 16:42

SMS group completes major bloom caster upgrade for Mukand Ltd. in India

  • Industry Activities
  • 20 May 2026 16:33

VinMetal & Primetals Technologies unite to build large integrated steel complex in Ha Tinh

  • Industry Activities
  • 20 May 2026 16:22

Jindal Steel to establish RO 150 million facility in Suhar Industrial City

  • Industry Activities
  • 20 May 2026 16:08

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 3,515.00
  • 3,527.00
  • Aluminum
  • 3,664.00
  • 3,611.00
  • Copper
  • 13,409.00
  • 13,480.00
  • Nickel
  • 18,790.00
  • 18,990.00

Learn more