• Steel Market Insider

    We strive to let you one step ahead of the market

Steel News
Advanced search
    Key words
  • Search By
  • Date
  • Classification
  • Region
Advanced search

ArcelorMittal to invest US$125 million in Brazilian iron ore to enhance output

  • A
  • A
  • A
The world’s steel giant ArcelorMittal said that it intended to invest US$125 million in its iron ore mines in Brazil in order to increase their production by 65% by next year.

It’s known that the iron ore prices have jumped nearly 150% over the past three years. The company planned to increase its global iron-ore production to 100 million tons by 2015.

Iron ore and coal represent 80% of steel production costs. Thus, more costs they reduce the more competitive they become in steel market.
News Date 30 Mar 2012 15:25:45 reported by Margaret Yeh

Vale's iron ore production rises in Q1...
Raw material
25 Apr 2017 10:22
UK iron ore imports increase for Feb...
Raw material
25 Apr 2017 09:50
India’s pig Iron exports increase for Jan ...
Raw material
24 Apr 2017 10:34
Most Popular