Siderperu's net profit increased by 54.4% in the second quarter of 2026%

Peruvian steel producer Siderperu reported a net profit of $14.639 million in the second quarter of 2026, up 54.4% from $9.483 million in the same period of 2025. The company stated that the growth was driven by increased sales, improved operational efficiency, tighter control over financial expenses and the favorable impact of the exchange rate. Net sales increased by 18.2% to reach $108.409 million, while production costs increased by 14.6% to $154.431 million. Gross profit increased by 45.4% to $26.068 million, while operating profit increased by 54.6% to $21.689 million. Siderperu, controlled by the Brazilian Gerdau Group, has a production capacity of 750,000 metric tons per year. The company publishes financial results in Peruvian sols (PEN); current figures are recalculated at the rate of 3.51 sols per US dollar.