ArcelorMittal to invest $30 million to boost steel bar capacity in Brazil

ArcelorMittal will invest 144 million Reais ($30 million) in its Sabará unit, in Brazil's southeastern Minas Gerais state, to increase steel bar production capacity by 42,000 tonnes per year, the company said on Wednesday June 1.

Aiming to expand offerings to its automotive and industrial clients in general, the Brazilian branch of the Luxembourg-based steelmaker will raise capacity to 182,000 tpy, from 140,000 tpy. New drawing...

Published

Renato Rostás

June 01, 2022

21:08 GMT

São Paulo