Chile's CAP aims to replace 20% of Andean steel imports

Chile's CAP Group recently announced a major expansion plan for its steelmaking arm, Compañía Siderurgica Huachipato (CSH), and now it aims to become a major steel supplier to Andean countries.

Steel Business Briefing learns from local reports that after CSH's expansion to 3m tonnes/year, the group intends to trade a 400,000 t/y surplus in finished products with neighbouring markets, such as Peru, Ecuador and Colombia.

The group already has operations abroad within Latin American countries, such as Tupemesa in Peru and Tubos Argentinos, in Argentina.

CAP is eyeing an opportunity to replace imports into the Andean region. Peru, Colombia and Ecuador are thought to import over 2m t/y of steel products, SBB is told.

Publication: SBB - Steel Business Briefing
Provider: Steel Business Briefing
Date: September 1, 2008