Local media has reported that Lima based Peru’s electric arc furnace steelmaker Aceros Arequipa will Invest USD 100 million in 2023. The report quoted Aceros Arequipa CEO Mr Tulio Salgado as saying that “The main item for the investment is a new rolling mill, with a price estimated at USD 75 million, while other USD 25 million will cover other smaller investments, including a distribution center that is about to be concluded. This new investment reaffirms our purpose in meeting the growing demand of the national and international market, using state-of-the-art technology in all our production processes.”Aceros Arequipa had approved an investment of USD 75 million for the installation of a new rolling mill at the plant located in Pisco in Peru in February 2022. The investment will give the plant a capacity of 300,000 tonnes per year of steel to be made into bars and profiles. The new rolling mill is expected to start operations between the first and second quarters of 2024.The new line, together with the two current lines, will provide Aceros Arequipa with a total production capacity of 1.55 million tonnes of finished product per yearThe company's new steel mill inaugurated in 2021, at Pisco, is currently operating at a pace of 1.25 million tonne of crude steel per year, its nameplate capacity. According to Salgado, the company is developing works to operate at a higher pace, possibly reaching 1.45 million tonnes per year in 2023.
Local media has reported that Lima based Peru’s electric arc furnace steelmaker Aceros Arequipa will Invest USD 100 million in 2023. The report quoted Aceros Arequipa CEO Mr Tulio Salgado as saying that “The main item for the investment is a new rolling mill, with a price estimated at USD 75 million, while other USD 25 million will cover other smaller investments, including a distribution center that is about to be concluded. This new investment reaffirms our purpose in meeting the growing demand of the national and international market, using state-of-the-art technology in all our production processes.”Aceros Arequipa had approved an investment of USD 75 million for the installation of a new rolling mill at the plant located in Pisco in Peru in February 2022. The investment will give the plant a capacity of 300,000 tonnes per year of steel to be made into bars and profiles. The new rolling mill is expected to start operations between the first and second quarters of 2024.The new line, together with the two current lines, will provide Aceros Arequipa with a total production capacity of 1.55 million tonnes of finished product per yearThe company's new steel mill inaugurated in 2021, at Pisco, is currently operating at a pace of 1.25 million tonne of crude steel per year, its nameplate capacity. According to Salgado, the company is developing works to operate at a higher pace, possibly reaching 1.45 million tonnes per year in 2023.
