ArcelorMittal Brasil studying to expand flat-rolling capacity in Tubarão

ArcelorMittal Brasil is currently designing a long-term strategic plan until 2030 with a possibility that it would include an expansion to its flat-rolling capacity in Tubarão, local chief executive officer Benjamin Baptista said on Friday January 18.

The company owns roughly 13.5 square kilometers of land in Tubarão, the name of the unit located in Serra, a city in the southeast Brazilian state of Espírito Santo where it produces slab and hot-rolled coil (HRC) and operates a private port. ArcelorMittal currently uses only 70% of the land, the executive added. “We are not sure if we will be adding crude steel capacity to this mill, but there are discussions regarding rolling operations at the site,” Baptista said. “According to our calculations, the Brazilian market will need new hot rolling equipment around 2027 or 2028, and a new rolling operation takes about four years to plan and kick-off.” ArcelorMittal produced around 7 million tonnes of slab in Tubarão during 2018, and has a target of 7.7 million tonnes of output in the next few...

Published

Renato Rostás

January 18, 2019

17:48 GMT

Serra