The Peruvian steel producer Corporacion Aceros Arequipa posted a net profit equivalent to $20.324 million mt for the first quarter of 2026, against $22.467 million mt for the same period in 2025.
Net sales declined by 7.15 percent to $321.041 million, production costs declined by 7.43 percent to $276.324 million, the gross profit declined by 5.35 percent to $44.717 million, while operational profit declined by 8.6 percent to $27.350 million.
According to the company, the lower net profit reflects chiefly the lower gross profit, while exchange rate variations and lower gains in subsidiaries have also played a role, which were partially compensated by lower financial expenses and reduced income tax paid.
The production capacity of Aceros Arequipa is estimated at 1.2 million mt per year.
