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ArcelorMittal inaugurates R$2bn expansion of Vega steel plant in Brazil · Endata

◂ Announcements

Nov 1, 2024EXPANSIONSão Francisco do Sul, Santa Catarina, Brazil

ArcelorMittal inaugurates R$2bn expansion of Vega steel plant in Brazil

ArcelorMittal inaugurated the expansion of its Vega facility in São Francisco do Sul, Santa Catarina, increasing annual production capacity from 1.6 million to 2.2 million tonnes. The investment of R$2 billion includes a new continuous galvanizing and annealing line to produce Magnelis for the first time outside Europe.

Value

$370.0M (2.00B BRL)

Starts operating

12 Nov 2024

Status

Completed

Capacity

2.2 million tonnes per year

ProductsMagnelis corrosion-resistant steelgalvanized steelhigh-strength steel coils

CompaniesArcelorMittal

Sectors#Steel and Metal Products

“New investments in Brazil proceeded despite unfair competition from imported products that hinder opportunities for growth.”valorinternational.globo.com

2 sources
valorinternational.globo.comArcelorMittal invests R$2bn in steel factory expansion in BrazilKariny LealNov 14, 2024
valor.globo.comArcelorMittal faz investimentos recordes de R$ 25 bilhões no Brasil | ArcelorMittal | Valor EconômicoDec 18, 2024

Summarized from public sources; check the original articles before acting on it.

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