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ArcelorMittal Brazilian steel slab exports increased to 1.46 million tonnes from January to June 2023

In June 2023, the Brazilian ArcelorMittal (AMP) steel slab exports increased by 57.8% month-on-month, reaching 278.6 thousand tonnes, and decreased by 9.9% compared to June 2022.

From January to June 2023, steel tile exports increased by 6.6% compared to last year, reaching 1.46 million tonnes.

From January to June of this year, the United States was the major export destination with 42% of total exports, Mexico (11%), Germany (3%), and Belgium (3%) and the Brazilian domestic market accounted for 41% of the company’s sales.

ArcelorMittal BESIM sought, in the first phase, to increase the slab production rate from 2.85 million tonnes yearly to 3 million tonnes per year in March 2023. Such a goal has not been achieved since the company’s opening in 2008. After the BESIM acquisition, ArcelorMittal increased its flat steel production capacity in Brazil to reach 10.5 million tonnes annually.

ArcelorMittal announced the signing of an agreement with the shareholders of the Brazilian company Companhia Siderúrgica do Pecém to acquire the company for $2.2 billion at the end of July 2022.

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