It was understood that ArcelorMittal Brazil would restart the Vega expansion plan. The total value of the project was US$336.9 million (BRL 1.9 billion) and was expected to be completed before the fourth quarter of 2023.

The company expected to increase its hot-dip and cold-rolled coil production capacity. It also planned to build a continuous annealing line and a continuous galvanizing line with an annual capacity of 700,000 tons at the Santa Catarina plant, aiming to serve the growing domestic market.

For the domestic civil engineering and home appliance fields, the expansion plan would also add an organic coating production line with an annual production capacity of 100,000 tons, which was expected to improve the company's position in the automotive and industrial markets.