Gerdau Reins In Peru Investment as It Fights a Chinese Steel Rival

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…