ArcelorMittal resumes $330M expansion of Vega steel facility in Brazil

ArcelorMittal Brasil announced on August 3, 2018 it will invest about $330 million to expand its Vega galvanized steel facility in Santa Catarina, Brazil, increasing capacity by 700,000 t/y. The new production line is scheduled to be fully operational by the first half of 2021.

“We observed a reversal of the business environment in 2017, with slight GDP growth, and then we redefined the project, adapting it to the technological standards required by the automakers.”bnamericas.com

• 1 source
• bnamericas.comArcelorMittal to resume US$330mn expansion of Vega steel facility - BNamericasAug 6, 2018

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