# 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.

- Type: Expansion
- Announced: 2024-11-01
- Where: São Francisco do Sul, Santa Catarina, Brazil
- Value: $370.0M (2.00B BRL)
- Starts operating: 12 Nov 2024
- Status: completed
- Capacity: 2.2 million tonnes per year
- Products: Magnelis corrosion-resistant steel, galvanized steel, high-strength steel coils
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

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

## Sources

- [valorinternational.globo.com](https://valorinternational.globo.com/business/news/2024/11/14/arcelormittal-invests-r2bn-in-steel-factory-expansion-in-brazil.ghtml), 2024-11-14: "New investments in Brazil proceeded despite unfair competition from imported products that hinder opportunities for growth."
- [valor.globo.com](https://valor.globo.com/conteudo-de-marca/arcelormittal/noticia/2024/12/18/arcelormittal-faz-investimentos-recordes-de-r-25-bilhoes-no-brasil.ghtml), 2024-12-18: "A produção dessa unidade irá agregar valor ao nosso portfólio de produtos no segmento de aços planos e abrir novas oportunidades de mercado para a companhia."

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