ArcelorMittal (NYSE:MT) receives contract to supply steel for the FIFA World Cup, Steel Dynamics Inc (NYSE:STLD)

Posted by sara Frank July 5, 2013 0 Comment 1287 views


ArcelorMittal (NYSE:MT) has been given a contract to supply more than half of the steel to the sites in Brazil for the FIFA World Cup to be held in 2014. The steel as provided by the company will be used to rebuild the stadium, train stations and the giant aquariums.

The company has supplied steel in rebuilding the new Verdao football stadium in Cuiaba, Brazil. The strength of the stadium has been uplifted from 28,000 spectators to 45,000 spectators. ArcelorMittal Manchester in Brazil is a flat and long steel service company controlled by ArcelorMittal. The company has provided eighty percent of the tubes which were used in the 64,000 seats of the Mineirao Stadium, the second largest football stadium in Brazil. These stadiums will be primarily used to host the World Cup scheduled next year.

The products as supplied by the company include rebar, annealed wires, nails, trellis and chords. The involvement of the company in the largest event of the Football Sports will help the company to make their constructions and projects as sustainable as possible. The company is looking forward to let the world see the use of its steel in the construction process of the stadiums and other sites. The company has also launched its training project named ‘truck school’ in Brazil which will offer training to the construction foreman, masons and builders locally. This project deals with providing lessons and development opportunities without charging any fee.

As per the Agerpres, it reported that the company’s subsidiary ArcelorMittal Galati has been contracted to supply 20,000 – 30,000 tons of Quarto Plates annually for the next three years which will be used in building a bridge in the Gulf of Izmit.

Steel Dynamics Inc (NYSE:STLD) is primarily engaged in producing steel and recycles metals in United States. The company operates in three segments: Manufacturing and selling of steel products, processing and marketing the recycled ferrous and nonferrous metals and by fabricating and selling the steel joist and decking products.


About sara Frank

Sara Frank is our chief congressional correspondent, Sara has covered the presidential campaign, Congress and congressional campaigns. Prior to that, she covered the U.S. House. Sarahas also worked covering the House, Senate and campaign finance. Among the numerous honors she has received for his reporting, Sara is the recipient of an Emmy Award from The National Academy of Television Arts and Sciences. She was also nominated four times for a national Cable Ace Award.

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