Venezuela is currently importing rebar and wire rod to supply its housing program Gran Misión Vivienda Venezuela due the inability of the nation’s state-owned steelmaker Sidor to meet domestic demand for these products, according to a local union.
Leonardo Azocar, secretary at local union Sutiss, said Sidor’s output has reached “critical levels.”
Several media reports said Sidor isn’t producing steel and other steel consuming sectors, such as the auto parts industry, is missing feedstock.
Sidor wasn’t immediately available on Friday to comment the issue.