Chile's $109 bn investments to boost Steel demand

PERU (Scrap Monster): Chilean Steel Institute (ICHA) informed that around $109 billion could be invested on diverse projects in Chile within next 5 years, which sees potential steel demand.

This is based on the study of Capital Goods Corporation (CBC), the mining industry could have US$50 billion, the rest part will be shared by energy, building and public constructions industries; about US$84.7 billion correspond to private sector while US$24.9 billion belong to public sector.

As for other countries in Latin America, the study indicated that investments of Peru, Colombia, Ecuador and Argentina would total around USD$178 billion within next 5 years, about 500 projects of construction primary in mining and energy industries.