Aperam Timóteo steel plant

From Global Energy Monitor
This article is part of the Global Steel Plant Tracker, a project of Global Energy Monitor.
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Aperam Timóteo steel plant (Usina siderúrgica Aperam Timóteo) is an integrated steel plant in Timóteo, Minas Gerais, Brazil.[1]

Location

The map below shows the location of the steel plant in Timóteo, Minas Gerais, Brazil.

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Background

Aperam South America, formerly known as Acesita and ArcelorMittal Timóteo, is the biggest Brazilian manufacturer of specialty steels. Headquartered in Belo Horizonte, Minas Gerais, the company is a supplier of stainless, silicon and special carbon steels. Aperam South America's steel market share in Brazil is estimated to be 90%, and it is the only stainless steel maker in Latin America. The company's main plant, at Timóteo in Minas Gerais, has an installed production capacity of 900,000 tons of steel per year. The company also mines iron ore.[1]

Aperam South America, originally known as Acesita, was founded on October 31, 1944. Among its cofounders was Percival Farquhar.[1]

Acesita entered the stainless steel business in the late 1970s, with the Timóteo steel plant completing its first pig iron production run in 1979.[2] The company was privatised by the Brazilian government in 1992. The French steel maker Usinor, now part of ArcelorMittal, took a controlling stake in Acesita 1998. In 2007, ArcelorMittal announced the rebranding of Acesita to ArcelorMittal Inox Brasil.[1]

The company's stock is traded on Bovespa, where it is part of the Ibovespa index. However, ArcelorMittal announced it would buy out all public stock of ArcelorMittal Inox Brasil, and make it a wholly owned subsidiary.[1] In January 2011, the company became part of Luxembourg-based Aperam S.A., changing its name to Aperam South America.[1]

Plant Details

Articles and resources

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 "Aperam South America". Wikipedia. Retrieved 2020-07-18.
  2. 2.0 2.1 "Nossa história". Aperam. Retrieved 2020-07-18.
  3. "USGS Minerals Yearbook: Brazil" (PDF). USGS. 2015.
  4. "Pocket Yearbook 2020: A Siderurgia em Números" (PDF). Instituto Aço Brasil. 2020.
  5. "Plants: Aperam Timoteo". Aperam. Retrieved 2020-07-28.
  6. 6.0 6.1 6.2 "Annual Report 2019" (PDF). Aperam. 2019.

External resources

External articles

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