ArcelorMittal Delays R$ 4 Billion Investment Amid Economic Concerns in Brazil

ArcelorMittal, Brazil’s largest steel producer, has decided to postpone a significant investment of R$ 4 billion ($656 million). This decision stems from the current economic uncertainties, including a dollar exchange rate exceeding R$ 6, rising inflation, and increasing interest rates. The company had planned to construct a new production line in Minas Gerais to double […]