# 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.

- Type: Expansion
- Announced: 2025-02-07
- Where: Espírito Santo, Tubarão, Brazil
- Value: $696.0M
- Starts operating: Q1 2029
- Status: announced
- Products: cold rolled steel, coated steel, slabs, hot rolled coil
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

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

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/arcelor-will-invest-up-to-696-million-in-brazilian-tubaro-plant-1377860.htm), 2025-02-07: "Tubarão produces slabs and HRC and will now have its production line increased by cold rolling and continuous coating lines, offering higher valued products."

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