You are here: Home > Steel News > Latest Steel News > ArcelorMittal...

ArcelorMittal to expand long carbon steel production in Brazil

Thursday, 07 August 2008 16:02:49 (GMT+3)   |  
       

ArcelorMittal, the world's largest integrated metals and mining company, has announced its intention to invest $1.6 billion in its long carbon steel operations in Brazil, in addition to the previously announced $1.2 billion in investments for the expansion of the Monlevade plant in Minas Gerais.

According to the company release, the investments will allow ArcelorMittal to expand its annual crude steel production capacity in the long carbon sector in Brazil by an additional 2.6 million mt, from 3.9 million mt up to 6.5 million mt.

The expansion program is expected to be completed within 30 months.

Within the scope of the investments, ArcelorMittal is to construct two new blast furnaces, with a total capacity of 400,000 mt per year, two electric arc furnaces, with annual capacities of 1.2 million mt and 800,000 mt respectively, a ladle furnace, two new continuous casters, a rebar mill with a capacity of 520,000 mt per year, a merchant bar quality/special bar quality mill with capacity of 500,000 mt per year to produce special bars for the automotive industry, and a structural mill with a capacity of 650,000 mt per year for the production of medium/heavy structural sections.

The final location for these new investments will be announced after the conclusion of feasibility studies which are presently underway.

Moreover, ArcelorMittal has commenced its expansion programe in Monlevade, which includes the installation of a new sinter plant with a capacity of 4 million mt per year, a blast furnace with a capacity of 1.5 million mt per year, a simultaneous BOF Blowing, a continuous caster with a capacity of 1.2 million mt per year, and a wire rod mill with a capacity of 500,000 mt per year.

The Monlevade expansion program is also planned to be completed within 30 months.


Similar articles

European long steel buyers use up almost half of import quotas as of late October

23 Oct | Steel News

Slowdown in Turkey’s steel exports continues in September

17 Sep | Steel News

Ukraine’s DMKD reconstructs section rolling shop

21 Sep | Steel News

Weekly US steel roundup: Week 33

23 Aug | Steel Matters

Attendees of the SteelOrbis Steel Trade conference "look for the light"

13 Jul | Steel Matters

Ukrainian steel imports almost triple in Jan-Feb

12 Mar | Steel News

US rebar prices lose steam despite scrap increase

11 Sep | Longs and Billet

US' import rebar supplies constricted, but demand recovery will be slow

20 Aug | Longs and Billet

Scrap offers to Turkish market still on uptrend

04 Aug | Scrap & Raw Materials

Rebar prices rise in Turkey, same expected in Europe after holidays

31 Jul | Longs and Billet