ArcelorMittal's Serra Azul mine is located in the west side of Brazil's Quadrilátero Ferrífero (QF) region in Minas Gerais state, approximately 50 kilometres southwest of Belo Horizonte. Serra Azul's raw ore grade increased between 2017 and 2018 as per ArcelorMittal's guidance. This ultimately improved the mine's overall mass recovery. Serra Azul's transport and port costs are high as the operation is required to use third party facilities to reach the export market. Lump from Serra Azul is sold domestically to local pig iron producers while fines primarily exported to ArcelorMittal's European steel plants.