Votorantim Siderurgia

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.

Brazil's antitrust authority CADE approved ArcelorMittal Brasil's acquisition of Votorantim Siderurgia, subject to a merger control agreement including divestments in common long steel markets.

ArcelorMittal and Votorantim are merging their long steel businesses in Brazil.

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.