Peru's scrap prices at US$200-250/t on average

While Peru's main steelmakers - Aceros Arequipa and Siderperu - are still chasing scrap supplies abroad, as previously reported by Steel Business Briefing, domestic prices for the material remain strangely low.

Local sources say average domesic scrap prices are reaching US$200-250/t delivered to the mill, and even though material could not be considered as 'premium quality', the price is low if compared with neighbouring countries.

Furthermore, Peru still imports more than 50% of its scrap needs - from Chile, Bolivia and even the US market - paying higher prices for this material. Local press estimates the country's scrap needs reach about 80,000 tonnes per month, but no more than 40,000 t/m are locally produced.

Publication: SBB - Steel Business Briefing
Provider: Steel Business Briefing
Date: April 9, 2008