Aceros Arequipa to add rolling capacity

Lima, Peru-based electric arc furnace steelmaker Aceros Arequipa has approved an investment of $75 million for the installation of a new rolling mill at the plant located in Pisco, Peru. The investment will give the plant a capacity of 300,000 metric tons per year of steel to be made into bars and profiles.

The new line, together with the two current lines, will provide Aceros Arequipa with a total production capacity of 1.55 million metric tons of finished product per year, “generating cost efficiencies by optimizing consolidated production,” states the company.

“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,” says Aceros Arequipa General Manager Tulio Silgado.

The company says it anticipates the new rolling mill will start up in the second half of 2024.

In July of last year, Aceros Arequipa announced it was buying a shredder yard in Florida as part of a strategy to ensure it has access to ferrous scrap in the United States.