The Bolivian government has accelerated the construction of the Mutún steel complex to produce high quality steel to replace 50% of the nation's steel imports and receive US$75 million per year in the first phase.
Mutun, located in the department of Santa Cruz in Bolivia, has the largest iron reserves in the world. Empresa Siderúrgica del Mutún (ESM), established in December 2005, is the company responsible for this national project. Its president, Jorge Alvarado, said that the construction of the first stage of the complex is about 60%, and is expected to be completed by the end of 2023 and start work in 2024.
year. At the first stage, the metallurgical complex will produce at least 200,000 tons per year of long products, such as corrugated and smooth construction products.
New long products plant in Bolivia to start operations in 2024
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