….quarterly results at Siderperu, the largest steelmaker in Peru. (and owned by Brazil’s Gerdau (GGB)). The first quarter of 2008 is compared to the first quarter of 2009.
We saw in a recent Chart of the Day how bad Vale’s iron ore production figures had been. This chart follow up the theme and shows steelmaking n Peru is going through a bad old patch, too.
But don’t worry, cos Twobreakfasts said Peru is growing and you guys up there trust him. After all, whyever would he lie to you?