Aço Brazil reaffirms investments of US$8 billion by steelmakers

RIO DE JANEIRO, BRAZIL – The Executive President of the Brazil Steel Institute, Marco Polo Lopes, stated that the national industry projects investments in the order of US$8 billion between 2021 and 2025.

At the end of 2025, the perspective is a production of 31.4 million tons. From 2008 to 2020, the consolidated investments were US$28.2 billion.

Brazil is the world’s new largest steel producer. The sector has 31 mills, representing an installed capacity of 51 million tons of crude steel production per year.

Three segments account for 82% of steel consumption: construction and the capital goods industry, including the automotive segment.

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