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ArcelorMittal is investing BRL 1.9 billion ($370.37 million) to build a new line for cold-rolled and coated products at the Vega do Sul plant in Santa Catarina, increasing capacity from 1.6 million to 2.2 million mt per year.
“In the southern state of Santa Catarina, the Vega do Sul plant is receiving BRL 1.9 billion ($370.37 million) for the set-up of a new line to produce CRC and coated products, increasing Vega’s capacity from 1.6 million mt to 2.2 million mt per year.”steelorbis.com
Summarized from public sources; check the original articles before acting on it.