Steelmaker ArcelorMittal has doubled its investments in Brazil in the first half of the year, the company said.
The company's Capex reached $241 million in the period, up 97.5 percent from $122 million a year ago.
Arcelor's investments in Brazil account for 7 percent of the company's global Capex in 2014, it said.
Arcelor's main project in Brazil is the expanding of the Joao Monlevade mill, in the producing state of Minas Gerais.
Source:
http://www.steelorbis.com/steel-news/latest-news/arcelormittal-doubles-investments-in-brazil-841276.htm
