Brazil steelmaker ArcelorMittal has invested $14.2 million (BRL 50 million) in a new industrial line at its Sabara mill, in the city of same name in the state of Minas Gerais, to produce what it labeled as “high quality” steel bars, the company said Monday.
According to the Brazilian producer, the so-called “multibar” product consists of “high quality bars that pass through a process of removal of the overweight through machining,” whose process allow the bar to be free of surface defects.
ArcelorMittal said the new production line involves top-notch equipment to produce multibar in three different versions.
The company said it plans to offer the market higher value-added solutions as well as meeting the demands of niche markets.
ArcelorMittal expects to sell some 40,000 mt of the product in 2016.