10
Sep
07:23
ArcelorMittal/Bekaert Brazilian joint venture expands investments
Brazilian wire producer Belgo Mineira Bekaert Artefatos de Arame Ltda (BMB) says it is extending its investments in the Itaúna plant, in Minas Gerais state, Kallanish notes. BMB is controlled by ArcelorMittal (55.5%) and Bekaert (44.5%).
The project is part of the company’s major investment plan, announced in June 2018. This will further integrate production at its Itaúna plant and increase tyre cord capacity by 35% to meet the expectation…
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Very good overview of the weekly steel market.
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