Speaking to the Peruvian arm of the magazine, Forbes, Marcos Matiello, CEO of the Peruvian producer of long steel products Siderperú, has commented that their main concern is not different from steel producers in other countries: the high volume of exports from China.
He conceded that the problem in Peru has not reached the dimension it has reached in Brazil, a country that has already increased import taxes on imported steel in a scheme of quotas for imports.
In his view, the preoccupation stands in what’s coming ahead, with the pressure exerted by the high volume of offers from China, as their domestic market is depressed, generating excess production estimated at 100 million mt in 2025, all destined to exports.
But so far, imports are limited to 10 percent of the domestic consumption in Peru.
In 2025, Siderperú will operate with a capacity increased by 12 percent from 2024, as its Chimbote plant has received investment of $20 million for the technological update of its rolling mills and consulting services to improve the performance of the plant.
