Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

ArcelorMittal Brasil announced today the reactivation of its steelworks in Barra Mansa, Rio de Janeiro, for this year’s Q3, through an investment of R$19mn ($3.6mn). The resources will be used in different areas in Barra Mansa, such as maintenance and renewal of equipment.


With the reactivation of Barra Mansa, ArcelorMittal will generate 100 new direct and 50 indirect jobs, although the primary goal of the investment will be improvements in the operational and technological safety of the equipment.


The resumption of activity at this steel mill in Rio de Janeiro will be gradual, as all the equipment will first be subject to maintenance and renovation. They will also reset the entire capture and filtration system, as well as rewire one of the two furnaces in the foundry.


Arcelor-Mittal Brasil reported this investment in a meeting with the Rio de Janeiro Economic Development Secretariat. At the meeting were Alexandre Barcelos, VP Corporate Finances at ArcelorMittal, and Leonardo Soares, Secretary of State for Economic Development in Brazil.


ArcelorMittal’s six industrial plants in Brazil produce 12.5mn mt of crude steel, as well as 7.1mn mt of iron ore a year totally.



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