Steelmaker ArcelorMittal has doubled its investments in Brazil in the first half of the year, the company said.
The company's Capex reached $241 million in the period, up 97.5 percent from $122 million a year ago.
Arcelor's investments in Brazil account for 7 percent of the company's global Capex in 2014, it said.
Arcelor's main project in Brazil is the expanding of the Joao Monlevade mill, in the producing state of Minas Gerais.