ArcelorMittal Brazil Resumes Vega Project
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ArcelorMittal Brazil Resumes Vega Project

According to a US Securities Exchange Commission filing, ArcelorMittal Brazil will resume USD 336.9 million (BRL 1.9 billion) Vega cold rolling, pickling and

According to a US Securities Exchange Commission filing, ArcelorMittal Brazil will resume USD 336.9 million (BRL 1.9 billion) Vega cold rolling, pickling and galvanising project in São Francisco do Sul in state of Santa Catarina expansion project. ArcelorMittal Brazil expects to increase its hot dipped and cold rolled coil capacity, while also building a new 700,000 tonnes per year continuous annealing line and a continuous galvanizing line combiline in the Santa Catarina state site to serve the growing domestic market. The project will also add a 100,000 tonnes per year organic coating line

The capacity of the unit is set to increase to 2.1 million tonnes per year. The project will increase production for the automotive, construction and home appliances sectors at the Vega unit, allowing the company to meet the market expectations and provide high strength and quality steel products.

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