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Arcelormittal Commits Up To $670 Million To Upgrade Tubarão Steel Plant In Brazil
(MENAFN- The Rio Times) On February 6, 2025, ArcelorMittal announced a substantial investment ranging from R$ 3.8 billion ($633 million) to R$ 4 billion ($670 million) at its Tubarão facility in Espírito Santo, Brazil.
This investment aligns with a broader R$ 25 billion ($4.17 billion) strategic plan for Brazil spanning from 2022 to 2028. The company will introduce a new Cold Strip Mill and a Continuous Coating Line, significantly enhancing the plant's capability to produce cold-rolled steel.
This steel, derived from hot-rolled coils, will undergo a process to improve its quality, making it suitable for high-demand sectors such as automotive manufacturing, appliance production, and construction.
Construction is slated to commence in the first half of 2026, with the new lines expected to be operational by mid-2029. The project will create 2,500 jobs during its peak construction phase, and once running, it will add 450 permanent positions to the local economy.
Jorge Oliveira, CEO of ArcelorMittal Flat Steel Latin America, stated that this initiative would not only boost their market share but also align production closer to consumer needs.
Before construction can begin, the project must pass through ArcelorMittal 's internal approval processes, with all technical feasibility studies already completed.
Notably, the expansion is designed to maintain current levels of environmental impact, ensuring no increase in emissions or water usage from the Rio Santa Maria da Vitória.
A Strategic Hub for High-Value Steel Production
This investment places Tubarão at the heart of ArcelorMittal's strategy to pivot towards high-value steel products, responding to both global market trends and local economic needs.
It underscores Brazil's role as a key player in the global steel industry , where ArcelorMittal aims to leverage its operations for sustainability and market competitiveness.
The initiative also highlights a broader industry shift towards specialized and sustainable steel production, amidst pressures to reduce carbon footprints and enhance product value.
This development could position Espírito Santo as a significant hub for advanced steel manufacturing, potentially attracting further investments and fostering regional development.
This investment aligns with a broader R$ 25 billion ($4.17 billion) strategic plan for Brazil spanning from 2022 to 2028. The company will introduce a new Cold Strip Mill and a Continuous Coating Line, significantly enhancing the plant's capability to produce cold-rolled steel.
This steel, derived from hot-rolled coils, will undergo a process to improve its quality, making it suitable for high-demand sectors such as automotive manufacturing, appliance production, and construction.
Construction is slated to commence in the first half of 2026, with the new lines expected to be operational by mid-2029. The project will create 2,500 jobs during its peak construction phase, and once running, it will add 450 permanent positions to the local economy.
Jorge Oliveira, CEO of ArcelorMittal Flat Steel Latin America, stated that this initiative would not only boost their market share but also align production closer to consumer needs.
Before construction can begin, the project must pass through ArcelorMittal 's internal approval processes, with all technical feasibility studies already completed.
Notably, the expansion is designed to maintain current levels of environmental impact, ensuring no increase in emissions or water usage from the Rio Santa Maria da Vitória.
A Strategic Hub for High-Value Steel Production
This investment places Tubarão at the heart of ArcelorMittal's strategy to pivot towards high-value steel products, responding to both global market trends and local economic needs.
It underscores Brazil's role as a key player in the global steel industry , where ArcelorMittal aims to leverage its operations for sustainability and market competitiveness.
The initiative also highlights a broader industry shift towards specialized and sustainable steel production, amidst pressures to reduce carbon footprints and enhance product value.
This development could position Espírito Santo as a significant hub for advanced steel manufacturing, potentially attracting further investments and fostering regional development.
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