Peru iron and steel production is expected to grow 7.6% this year
According to the think-tank Maximixe consultancy business and market forecast of Peru, secret steel output will reach 1.6 million tons in 2014, the growth rate of about 7.6%, the main driving force for the new public and private infrastructure projects, and construction of Bridges, housing and other projects. At the same time, the development of the industry are greatly influenced by the new mining projects. However, Maximixe company pointed out that this year's growth rate will be not as good as last year, because construction weak growth.
At the same time, the company predicts the secret iron ore output to grow by 7.5% this year, the main driving force for shougang iron and the secret of the company's business continues to expand. The company also predicted the secret steel product imports to $2.469 billion this year, up 3.2%; Exports, in the South America falling demand and international influence, low prices rose only 3.5%, to $244 million.