ArcelorMittal Plans $961 Million Expansion at Brazil’s Pecém Steel Mill

ArcelorMittal is considering a major expansion of its Pecém steel mill in Brazil, with a proposed investment of around 5 billion Brazilian reais, equivalent to approximately $961 million. The steelmaker aims to reach a final investment decision by the end of the year. The proposed project would add a new hot-rolled coil (HRC) production line with an annual capacity of around 1.5 million tonnes at the Pecém facility in Ceará, northeastern Brazil. The investment is part of ArcelorMittal’s strategy to strengthen its presence in South America’s value-added steel market. The Pecém plant currently produces primary steel slabs, and the planned expansion would enable the company to convert more of this output into higher-value rolled steel products. If approved by ArcelorMittal’s board, the project would represent a significant industrial steel investment in the region and could strengthen the company’s position in Brazil’s flat steel and HRC markets. The expansion also highlights growing investment in downstream steelmaking as producers seek to improve product mix, margins and regional supply capabilities.