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Montevideo, February 19th 2018 - 12:06 UTC

Tag: Long steel industry

  • Thursday, February 8th 2018 - 11:19 UTC

    Long steel industry concentration in Brazil: ArcelorMittal taking over Votorantim

    Jefferson de Paula, ArcelorMittal executive vice president said the company's  long steel capacity in Brazil would reach up to 6 million tons per year after the tie-up.

    The Brazilian unit of ArcelorMittal expects to conclude in the second quarter the takeover of rival Votorantim Siderurgia SA to become the country’s largest long steel producer, a senior company executive said. Jefferson de Paula, ArcelorMittal executive vice president, said that ArcelorMittal’s long steel capacity in Brazil would reach up to 6 million tons per year after the tie-up.