ArcelorMittal to invest $247 mln in Brazilian long steel unit

ArcelorMittal will invest 1.3 billion Reais ($247 million) in modernization and capacity expansions at its Barra Mansa steelmaking unit in Brazil’s southeastern Rio de Janeiro state, the company has said.

The investment will be made in the next three years, it announced on Thursday February 10. The work will include construction of a new rolling mill, improvements at the existing...

Published

Felipe Peroni

February 10, 2022

21:15 GMT

São Paulo