ArceloMittal declared on Thursday that one of its main investments focuses in the world in 2025 will be Brazil and has announced a project to build a new steel mill in the United States.
The company, the second largest group of steel in the world, has provided for Thursday an improvement in the overall steel demand this year and said that the investment in 2025 should be similar to that of provision in 2024, after a fourth quarter in which the company’s result has exceeded market expectations.
Arcelormittal has also estimated that the Brazilian steel market should be stable this year after the growth of 8% in 2024, in line with the expectations presented by the sector in the country in mid -January. The executive president of the group, Aditya Mitta, has also said that the main objective of Arcelormittal’s investment will be in Brazil, India and the United States.
ArceloRormittal increased by 13% in quarterly profits before interest, taxes, demanding and demort (Ebitda), at $ 1.65 billion, with an increase of almost 8% compared to the consent of the analysts provided by Society.
“The long -term perspective for the steel industry is positive and our global presence means that we have a unique opportunity to give priority to the investments of the market in which there is a strong perspective of growth and performance,” said Mittal.
The company based in Luxembourg involves investing between $ 4.5 billion and $ 5 billion this year, in line with the one applied in 2024. Mittal said that the main objective of the investment will be in Brazil, India and the United States .
ArceloMittal has announced Thursday that will build a new plant in Calvert, in the American state of Alabama, to satisfy the growing demand of the US car manufacturers.
The group provides that the global steel demand grows between 2.5% and 3.5% this year, excluding China, the largest consumer and producer in the world.
The company has increased by dividend by 10% compared to last year and will pay $ 0.55 per share.
Source: Terra
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