Bloomberg reported that ArcelorMittal may invest USD 200 million to produce steel for Brazil's auto industry.
Mr Benjamin Baptista Filho CEO of South American flat carbon steels unit said that the new line would have the capacity to produce 500,000 tonnes of galvanized steel a year at ArcelorMittal's plant in the Brazilian state of Santa Catarina.
ArcelorMittal will likely make a decision by the end of March 2011 and the line would start operating in the first half of 2014.
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