Arcelor plans $4 billion investment in Brazil
Luxembourg-based steel producer Arcelor reportedly plans to invest $4 billion in
Brazil over the next four years.
Arcelor officials met with representatives from
Brazil's National Development Bank (BNDES) to discuss the projected
investments.
Arcelor currently controls several steel producers in
Brazil, such as Acesita, Belgo-Mineira and Companhia Siderurgica Nacional (CSN).