Tag: Monlevade
ArcelorMittal Brasil,Votorantim sign agreement
ArcelorMittal Brasil S.A. and Votorantim S.A. announced the signing of a definitive agreement, pursuant to which Votorantim’s long steel businesses in Brazil, Votorantim Siderurgia, will become a subsidiary of ArcelorMittal Brasil and Votorantim will hold a minority stake in ArcelorMittal Brasil.
ArcelorMittal restarts steel expansion project in
ArcelorMittal will restart an expansion project at its Monlevade and Juiz de Fora sites in Brazil to increase its production capacity from 3.75Mt to 4.9Mt per year.
The expansion was first announced in 2007 but paused in 2009 due to the economic crisis and weak demand.
