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ArcelorMittal halts steel plant expansion in Brazil

Staff Writer | September 24, 2024 | 4:41 am News Latin America Iron Ore 

ArcelorMittal (NYSE: MT), the world's largest steelmaker, has suspended a $460 million (R$2.5bn) expansion at the João Monlevada plant in Minas Gerais, Brazil, due to an increase in steel imports. According to Notícias de Mineração Brasil, demand for steel is...

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