Business: Lima
Key Facts
—Pause. Gerdau, Brazil’s largest steelmaker, is holding back planned investment in Peru as cheap Chinese steel presses on the market. The group has signalled lower capital expenditure for 2026.
—Objection. Its Peruvian unit Siderperú has publicly rejected a Chinese steel project in Peru associated with a company referred to as Acero Lima Shenglong. The project had not submitted an Environmental Impact Assessment, a mandatory step before construction can legally begin.
—Surge. Peruvian steel bar imports rose 121.4% in January 2026 compared with the same month a year earlier. The jump shows how quickly foreign supply has entered the market.
