ArcelorMittal to invest up to $962 million in its Brazil's Tubarao unit
28/08/2026 21:00
ArcelorMittal to invest up to $962 million in its Brazil's Tubarao unit SAO PAULO, Aug 28 (Reuters) - Steelmaker ArcelorMittal MT.LU said on Friday it will invest up to 5 billion reais ($962.2 million) to install a cold strip mill and a continuous coating line in its Tubarao unit in Brazil, according to a statement.
ArcelorMittal said the project, whose construction works are set to start this year, with operations beginning in 2030, will allow the firm to offer high-value-added products to sectors including the automotive, construction and home appliances.
($1 = 5.1964 reais)
(Reporting by Alberto Alerigi Jr.; Writing by Andre Romani)
((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))
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