# ArcelorMittal expands drawn steel products capacity in Minas Gerais

ArcelorMittal is investing BRL 144 million ($28.07 million) to increase drawn steel products capacity by 35% in Minas Gerais, targeting high-value products for the auto industry.

- Type: Expansion
- Announced: 2024-05-03
- Where: Minas Gerais, Brazil
- Value: $28.1M
- Status: announced
- Capacity: 35% increase in drawn steel products
- Products: drawn steel products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/arcelormittal-maintains-expansion-plans-in-brazil-1338520.htm), 2024-05-03: "Also in the state of Minas Gerais, the company is investing BRL 144 million ($28.07 million) to increase the production of drawn steel products by 35 percent, that will enable the production of high value added products destined for the auto industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.