Peruvian steelmaker Corporacion Aceros Arequipa reported net income of $38.333 million in the second quarter of 2026, compared with $27.784 million in the same period in 2025.
The 34.5% rise in net income was primarily driven by higher operating income, supported by higher gross margins and lower operating expenses, including provisions, the company said. Lower financing costs such as leasing costs and short-term working capital financing also contributed to the result.
Net sales rose 6.10 percent to $352.051 million and manufacturing costs increased 3.61 percent to $292.959 million, the company said. Gross profit rose 20.43 percent to $59.092 million and operating profit rose 37.62 percent to $38.481 million.
Aceros Arequipa's production capacity, which primarily consists of carbon and structural steel products such as rebar, wire rod and steel pipes, is estimated at 1.2 million metric tons in year.
Arequipa results, originally published in Peruvian sols, were converted at an exchange rate of 3.4 PEN to 1 US dollar.
Luis Compagnoni EditorI am a retired mechanical engineer, involved in the steel industry in Latin America, from iron ore to finished products, for the last 20 years.
