ArcelorMittal Brasil S.A.

ArcelorMittal Brasil announced on August 3, 2018 it will invest about $330 million to expand its Vega galvanized steel facility in Santa Catarina, Brazil, increasing capacity by 700,000 t/y. The new production line is scheduled to be fully operational by the first half of 2021.

Grupo Simec has entered a contract with ArcelorMittal Brasil to acquire the steel products plants of Cariacica and Itauna in Brazil, plus steel wire drawn equipment. The Cariacica plant has capacity of 600,000 mt/year of liquid steel and 450,000 mt/year of rolled products; the Itauna plant has 120,000 mt/year of rolled products.

ArcelorMittal Brasil began integrating the long steel business of Votorantim Siderurgia in Brazil, after closing the acquisition. The deal includes plants in Barra Mansa, Resende, Três Lagoas, and forest assets in Minas Gerais, making ArcelorMittal the largest long steel producer in Brazil with total capacity of about 5 million tonnes per year.

ArcelorMittal Brasil and Votorantim signed a definitive agreement to combine their long steel businesses in Brazil, with Votorantim Siderurgia becoming a subsidiary of ArcelorMittal Brasil and Votorantim holding a minority stake. The combined entity will have annual crude steel capacity of 5.6 million tonnes.