New Delhi [India], October 3 (ANI): ArcelorMittal, the global steelmaker controlled by the Indian Mittal family, is preparing a new investment cycle of more than R$10 billion in Brazil, encouraged by a decline in Chinese steel imports following the Brazilian government’s trade defence measures. According to Folha de S.Paulo, the share of imported steel in Brazil’s domestic market has fallen from around 25% to 16%. ArcelorMittal Brazil President Jorge Oliveira said the company considers a level closer to 10% more appropriate. Brazil has introduced a series of anti-dumping measures targeting specific Chinese steel products. In February, definitive anti-dumping duties were…
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