[ ArcelorMittal Evaluates $960 Million Expansion at Brazilian Pecém Plant ]

Published: Oct 05, 2026 10:48 (GMT+8)

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ArcelorMittal confirmed in late September 2026 that it is weighing a massive $960 million capital investment to expand its Pecém steel mill in Ceará, Brazil. The proposed expansion would add a new hot-rolled coil line to the integrated facility, strategically shifting its product mix from exporting semi-finished slabs toward supplying higher-margin finished flat products to the domestic South American market. If approved, the capacity expansion underscores a broader trend of foreign capital strengthening Brazil's localized downstream processing capabilities. [SMM Iron Ore]

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