The first pig iron heat takes place at Blast Furnace No. 1, the largest charcoal-fueled blast furnace in the world then, with a production capacity of 200 ton/day. However, the Plant cannot produce steel yet, for there is not enough electric power.
Forgery operation is started up in August.
Private collection of José Luis Pimenta
Pouring of hot metal into mixing vessel. Timóteo, MG
The Company buys the iron ore mines from Brazilian Iron and Steel Co. in Itabira, and at the same time it promotes the opening of roads connecting the Plant to the charcoal supplying centers.
Directors' House. Timóteo, MG, 1947
Former Acesita was established on 31st October by the engineers Amyntas Jacques de Moraes, Percival Farqhuar and Athos de Lemos Rache. A daring proposal was born: to build a specialty steel plant, practically self-sufficient in raw materials and electric power, near the sources of iron ore, charcoal and water. The objective of the project was to supply the domestic market - which was going through an industrialization process - because of the difficulty to import goods due to World War II.
The construction works for the implementation of the steelworks in the Timotinho settlement, at the banks of Piracicaba River in Minas Gerais state, were financed by Banco do Brasil.
In the background, Timotinho settlement, where the Plant was built