The company drew attention for its AI-driven investment assessment model, developed as part of the expansion of its Vega plant in Brazil.
The system jointly developed by teams from Flat Latam, Global R&D, and the Group Technology Office (CTO) earned recognition in the “Business Model Transformation” category. ArcelorMittal was also specially acknowledged for its broader contributions to the global manufacturing industry.
Capacity and Technology Scaled Up with Vega Investment
Since 2021, ArcelorMittal has been making significant investments to expand its Vega facility, located in São Francisco do Sul, Santa Catarina. The project includes the modernization of the plant’s cold rolling, annealing, and galvanizing lines. In June 2024, a new Continuous Annealing and Galvanizing Line (CAL/CGL) was officially commissioned, boosting the facility’s annual production capacity by 640,000 tonnes.
A New Era in Investment Decision-Making with AI
The award-winning “Approach to Investment Assessment” leverages artificial intelligence and advanced machine learning algorithms to simulate capital investment scenarios, forecast product demand, optimize operations, and minimize decision-making risks. The model not only supports ArcelorMittal’s strategic initiatives but also sets a technology-driven example for the steel industry at large.
According to company officials, the approach is scalable and adaptable across different geographies, reflecting ArcelorMittal’s broader commitment to digital transformation and data-led innovation.
The Manufacturing Leadership Council (MLC) operates as the digital transformation division of the National Association of Manufacturers (NAM). It brings together senior leaders from across the manufacturing sector and works to accelerate innovation, drive organizational change, and shape next-generation leadership for the industry.
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