ArcelorMittal announces new investments in Tubarão, Brazil

The amount of investment will be up to $696 million, and the project is undergoing internal approval procedures within the group

ArcelorMittal’s Brazilian unit has announced plans to invest approximately 3.8 to 4 billion reais ($661-696 million) in the Tubarão division (Espírito Santo state).

As noted, the project to build a new cold rolling mill and a new coating line will be one of the most important for the group and is part of the company’s strategic plan in Brazil, which provides for a total investment of R$25 billion in 2022-2028.

The feasibility study for the project has already been completed and is currently undergoing internal approval procedures within the group. After the approval phase, construction is expected to take about three years.

The engineering and contracting phases are scheduled to begin in the first half of 2026, with the new production facilities expected to be operational in the first half of 2029.

This project will strengthen the company’s presence in high value-added markets such as the automotive, home appliances, and construction sectors, and bring production closer to the needs of the end user. The cold-rolled coil line will use hot-rolled coils produced by Tubarão.

As GMK Center reported earlier, ArcelorMittal Poland, the Polish division of the global steelmaker, is launching a large-scale modernization of the argon cleaning system at its Dombrowa Górnicza plant. The project, worth more than PLN 30 million, is aimed at reducing the company’s environmental impact and improving working conditions.