Aperam South America, old Acesita and ArcelorMittal Timóteo, is the biggest

Brazil Brazil, officially the Federative Republic of Brazil, is the largest country in South America. It is the world's List of countries and dependencies by area, fifth-largest country by area and the List of countries and dependencies by population ...

ian manufacturer of specialty steels. Headquartered in

Belo Horizonte Belo Horizonte is the List of largest cities in Brazil, sixth-largest city in Brazil, with a population of around 2.3 million, and the third largest metropolitan area, containing a population of 6 million. It is the List of cities in Sout ...

Minas Gerais Minas Gerais () is one of the 27 federative units of Brazil, being the fourth largest state by area and the second largest in number of inhabitants with a population of 20,539,989 according to the 2022 Brazilian census, 2022 census. Located in ...

, the company is a supplier of stainless, silicon and special carbon

steels Steel is an alloy of iron and carbon that demonstrates improved mechanical properties compared to the pure form of iron. Due to steel's high elastic modulus, yield strength, fracture strength and low raw material cost, steel is one of the m ...

. Aperam South America's steel market share in Brazil is estimated to be 90%, and it is the only

stainless steel Stainless steel, also known as inox, corrosion-resistant steel (CRES), or rustless steel, is an iron-based alloy that contains chromium, making it resistant to rust and corrosion. Stainless steel's resistance to corrosion comes from its chromi ...

maker in

Latin America Latin America is the cultural region of the Americas where Romance languages are predominantly spoken, primarily Spanish language, Spanish and Portuguese language, Portuguese. Latin America is defined according to cultural identity, not geogr ...

. The company's main plant, at Timóteo in Minas Gerais, has an installed production capacity is 900,000 tons of steel per year. The company also mines iron ore. Aperam South America, then known Acesita, was founded October 31, 1944, among the cofounders was

Percival Farquhar Percival Farquhar (1865–1953) was an American investor and financier with extensive interests in Latin America and pre-Soviet Russia, including railways, mines, hotels, and restaurants. Early life Farquhar was born to a wealthy Maryland-Penn ...

and got into the stainless steel business in the late 1970s. It was

privatised Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation wh ...

by the Brazilian government in 1992. The French steel maker

Usinor Usinor was a French steel making group formed in 1948. The group was merged with Sacilor in 1986, becoming Usinor-Sacilor and was privatised in 1995, and renamed Usinor in 1997. In 2001 it merged with Arbed (Luxembourg) and Aceralia (Spain) to ...

, now part of

ArcelorMittal ArcelorMittal S.A. is a Luxembourg-based multinational steel manufacturing corporation, headquartered in Luxembourg City. It is ranked second on the list of steel producers behind Baowu, and had an annual crude steel production of 58 millio ...

, took a controlling stake in Acesita 1998. In 2007, ArcelorMittal announced the

rebranding Rebranding is a marketing strategy in which a new name, term, symbol, design, concept or combination thereof is created for an established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors ...

of Acesita to ArcelorMittal Inox Brasil. The company's stock is traded on

Bovespa B3 S.A. – Brasil, Bolsa, Balcão (in English, ''B3 – Brazil Stock Exchange and Over-the-Counter Market''), formerly BM&FBOVESPA, is a stock exchange located in São Paulo, Brazil, and the second oldest in the country. Its current form can be ...

, 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. In January 2011, was incorporated by the Aperam, changing its name to Aperam South America.

References

External links

The company's home page in Portuguese

The company's home page in English
Steel companies of Brazil Manufacturing companies established in 1944 Companies based in Minas Gerais Economy of Belo Horizonte 1944 establishments in Brazil Brazilian subsidiaries of foreign companies {{Brazil-company-stub

See also

References

External links