The Latin American Steel Association Alacero said that Acerías Paz del Río, Grupo Siderúrgico Reina, Diaco, Ternium and Sidoc will join the steel production initiative and donate it to the rehabilitation of areas affected by the earthquake on August 10..
This may require more than 2 million metric tons of steel, which, according to industry estimates, is estimated at about $ 2.4 billion.
The Colombian Chamber of Steel Producers has presented the assessment and the indicated reconstruction may require the country to increase current steel production by almost 50%.
Colombia's installed steel production capacity is estimated at 2.6 million tons per year, while current production is about 1.6 million tons per year.
The expected demand reflects the scale of the earthquake damage, which, according to representatives of the sector, affected and destroyed 134,342 houses, 29,554.
The industry has not yet determined how much of the more than 2 million tons of necessary materials will be obtained through corporate donations, or how much should be funded through government resources or other sources of financing.
There are no comments yet.