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ArcelorMittal is investing $2.5 billion to increase crude steel capacity at its Monlevade plant in Minas Gerais from 1.2 million to 2.2 million mt per year.
“The Monlevade plant, in the southeastern state of Minas Gerais, is having its crude steel production capacity increased from 1.2 million mt to 2.2 million mt per year, at a cost of $2.5 billion.”steelorbis.com
Summarized from public sources; check the original articles before acting on it.