The United States has granted more than half of the exemptions to its steel import tariffs that Austrian steelmaker Voestalpine and its customers applied for.
The definitive agreement comes almost three years after the incident, which killed 19 people and became the country’s worst ever environmental disaster.
Mexico's top steel industry association on Tuesday urged the country's government to resolve an ongoing tariff dispute with the Trump administration before a new trilateral trade deal is signed.
The company said the investment would enable it to sustain production of its Pilbara Blend brand of iron ore and its Robe Valley lump and fines products.