ArcelorMittal advances first phase of new hot-rolled coil line at Pecém, Brazil /

Published: Jul 10, 2026 16:38

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ArcelorMittal's Pecém unit in Ceará state, Brazil, has approved the first phase of a project to build a new hot-rolled steel coil production line, with an initial investment of BRL 35 million (US$6.8 million) allocated to engineering studies and project development. According to the Ceará state government, full implementation of the rolling mill could eventually require an investment of around BRL 4.5 billion (US$872 million) and create approximately 3,000 construction-phase jobs. The Pecém plant, which currently produces steel slabs with a nominal capacity of 3 million mt per year, would gain the ability to produce higher-value hot-rolled coils under the plan, though physical construction awaits further board approval after the engineering phase concludes. The project reflects ArcelorMittal's broader strategy of adding downstream value at its Brazilian operations amid rising import competition in the domestic steel market. No firm construction start date has been set.

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