Peruvian steel producer Siderperu, controlled by the Brazilian group Gerdau, announced a net profit of $57.9 million for 2022, a 31.8 percent decrease from 2021.
According to the company, by volume, sales in 2022 increased by 2.2 percent to 727,000 mt, despite the country’s political protests, which resulted in its steel production declining by 16 percent during the last quarter of the year.
Sales in value in 2022 have reached the equivalent to $722 million, a 12.4 percent increase from 2021, of which 88 percent for sales to the civil construction sector, 10 percent to industrial consumers and 2 percent to the mining sector.
According to Aldo Tapia, Siderperu’s CEO, the performance of the company in February 2023 is overcoming the protests of January, showing positive perspectives for the rest of the year, with good expectations derived from forecasts of a country’s 2.2 percent GDP increase for the year.
Tapia added that in the recent past, Siderperu achieved interesting results with a Peruvian GDP growth of 2 percent.