Brazil

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Gerdau acquires stake in Brazilian solar park

Arinos Solar Park will supply 30% of its energy output to the company's steel mills in Brazil

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ArcelorMittal Brazil will reduce rolled steel production by 1.3 million tons in 2023

The decrease in the volume of steel production is associated with a large volume of imports of rolled steel into the country

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Gerdau shuts down Brazilian plant in Maracanaú due to cheap imports

The company demands the introduction of a 25% import duty on steel products from Russia and China

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Brazil’s steelmakers will invest $12.5 billion in the industry over the next four years

The industry is showing confidence despite adverse conditions

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Brazilian steelmakers are calling for higher import duties on steel

The industry demands an increase in the tax on steel imports from the current 9.6-12.8% to 25%

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ArcelorMittal invests more than $1.5 billion to expand production in Brazil

The company plans to increase iron ore mining, steel smelting and rolled steel production in the country

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Brazil’s Gerdau in 2Q reduced steel supply by 1.5% q/q

Shipments decreased by 9.6% year-on-year

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ArcelorMittal postpones investment in Brazilian enterprise

The commissioning of the new facilities was planned for the end of 2024

samarco.com
Samarco to invest $271 million in capacity expansion

Most of the amount will be spent during 2024

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