Simplify the following text for a Grade 10 native English-speaking person.
Original: The city is between Ipatinga and TimÃ teo , that base the largest and more modern siderurgic industries of Minas Gerais : Usiminas and Arcelor Mittal TimÃ teo , respectively . Coronel Fabriciano , those cities and several others , are in the Metropolitan Area of Vale do AÃ o , where Fabriciano is the second largest city , and has the third GDP .
Simplified: But in 1964 , with the political emancipation of Ipatinga and TimÃ teo , Coronel Fabriciano longer hosts them .