Siderperu Suspends Multi-Million Dollar Chimbote Project Amid Uncertainty Over Chinese Initiative
LIMA, Peru — Peru’s state-owned steel producer, Siderperú, has indefinitely suspended a $1.2 billion expansion project in Chimbote after determining that the initiative no longer aligns with national economic priorities in the face of aggressive Chinese steel investment and persistent regulatory gaps. The decision, announced this week, marks a significant setback for Peru’s industrial ambitions … Read more