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ArcelorMittal to invest up to $696 million in Tubarão plant in Brazil · Endata

◂ Announcements

Feb 7, 2025EXPANSIONEspírito Santo, Tubarão, Brazil

ArcelorMittal to invest up to $696 million in Tubarão plant in Brazil

ArcelorMittal's Brazilian arm announced investments of BRL 3.8-4.0 billion ($661-696 million) in its Tubarão plant in Espírito Santo, Brazil. The investment will add cold rolling and continuous coating lines to produce higher-value products for automotive, appliances, and construction sectors. Works are expected to start in H1 2026, with production starting in H1 2029.

Value

$696.0M

Starts operating

Q1 2029

Status

Announced

Productscold rolled steelcoated steelslabshot rolled coil

CompaniesArcelorMittal

Sectors#Steel and Metal Products

“Tubarão produces slabs and HRC and will now have its production line increased by cold rolling and continuous coating lines, offering higher valued products.”steelorbis.com

1 source
steelorbis.comArcelor will invest up to $696 million in Brazilian Tubarão plantLuiz CompagnoniFeb 7, 2025

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

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