• 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

Ukraine’s iron ore exports up in Q1...
Raw material
17 Apr 2015 13:33
Peru´s iron ore exports drop by 60% in Feb...
Raw material
17 Apr 2015 13:19
China's spot price of iron ore drops ...
Raw material
16 Apr 2015 11:17
Most Popular