Aceros Arequipa, one of Peru’s largest steelmakers, is considering building a new EAF mill in the province of Pisco, the company said in a public filing at the nation’s securities exchange commission, SMV.
According to the steelmaker, it has contracted an engineering research project to determine the attractiveness of the initiative. The company said the new EAF mill is one of the investment projects it’s been analyzing.
Aceros Arequipa said the company’s board is responsible for approving the company’s investment projects; however, the board is yet to make a decision on the advancement or not of the project.
A company’s executive told Peruvian media the mill could be built in 2018.