ArcelorMittal Brasil will invest between 4 billion and 5 billion reais ($730 million-$910 million) to construct a new cold strip rolling mill and a continuous coating line at its plant in Serra, Espírito Santo. The facilities are slated to commence operations in the first half of 2030, the company announced on August 28, 2026.
The continuous coating line will have an annual capacity of 560,000 tons, utilizing hot-rolled coils already produced at the facility. The investment aims to expand the company’s presence in high-value-added markets, including automotive, white goods and civil construction, according to Jorge Oliveira, president of ArcelorMittal Brasil.
The project aligns with broader industry trends in Brazil, where the steel sector has benefited from strengthened trade defense policies implemented by the Ministério do Desenvolvimento, Indústria e Comércio (Mdic) over the past year. These measures include anti-dumping actions targeting steel imports, particularly from China.
Between January and July 2026, Brazil’s steel imports fell 20.3% year-over-year to approximately 3.3 million tons, according to data from industry group Aço Brasil. ArcelorMittal Brasil currently has the capacity to produce 15.5 million tons of crude steel annually in the country.
