Peru exports billet to China for first time
2020-08-25 10:04:34 [Print]
Peruvian steelmaker Aceros Arequipa is currently loading the country's first ever shipment of steel billet to China, according to a company official.
The sale, involving 40,000 tonnes of billet, was concluded in early June for August shipment. It is expected to arrive at the eastern Chinese inland port of Jiangyin, located along the Yangtze River, by the end of September.
The transaction is the first time that Aceros Arequipa has sold the billet it produces for export and is also its inaugural export of self-produced steel across the Pacific Ocean.
Aceros Arequipa has an annual capacity of 850,000 tonnes now but it will start up a new electric-arc furnace (EAF) at its Pisco works in 2021 to replace its existing facility, which will be kept in reserve.
The sale, involving 40,000 tonnes of billet, was concluded in early June for August shipment. It is expected to arrive at the eastern Chinese inland port of Jiangyin, located along the Yangtze River, by the end of September.
The transaction is the first time that Aceros Arequipa has sold the billet it produces for export and is also its inaugural export of self-produced steel across the Pacific Ocean.
Aceros Arequipa has an annual capacity of 850,000 tonnes now but it will start up a new electric-arc furnace (EAF) at its Pisco works in 2021 to replace its existing facility, which will be kept in reserve.
