[ArcelorMittal Evaluates $960 Million Expansion at Pecém Steel Plant in Brazil]

Published: Oct 02, 2026 15:49 (GMT+8)

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ArcelorMittal is considering a $960 million capital investment to expand its Pecém steelworks in Ceará, Brazil. The Pecém integrated facility currently operates with a design capacity of 3.0 million tonnes of crude steel slabs per year, supplying international markets via its dedicated deep-water port. The proposed expansion focuses on adding downstream rolling and processing infrastructure to capture higher value-added flat steel segments. If finalized, the project will increase regional iron ore consumption and boost South America's slab export capacity. [SMM Iron Ore]

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