The globe’s largest steelmaker, Luxembourg-based ArcelorMittal, plans to invest US$1.6bn in its long carbon steel operations in Brazil to expand production capacity by 2.6Mt/y to 6.5Mt/y within 30 months, the company reported.
ArcelorMittal noted that the investments are in addition to the US$1.2bn previously allocated to the expansion of the Monlevade plant in Brazil’s Minas Gerais state, which will add another 1.2Mt/y.
Works include two new blast furnaces with a total capacity of 400,000t/y, two electric arc furnaces with capacity of 1.2Mt/y and 800,000t/y, a ladle furnace, two continuous casters and a 520,000t/y rebar mill, the company said in a statement.
ArcelorMittal will also build a 500,000t/y merchant bar quality-special bar quality mill to produce special bars for the automotive industry and a 650,000t/y structural mill for the production of medium-heavy structural sections.
The locations for the new facilities will be announced after the conclusion of feasibility studies which are underway, the company said.
SOURCE:http://metalsplace.com/news/articles/
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