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Article: Chile: Request for protective measures for steel industry raises controversy.
- Article from:
- South American Business Information
- Article date:
- December 5, 2001
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Chile, Nov 28, 2001
Sociedad Metalurgica Arrigoni Hermanos, as representative of 18 companies in the steel industry, publicly disagreed with the Huachipato and Gerdau Aza companies' request for protective measures against imported steel. Any protective measure for the steel industry will affect the US$250mil to US$400mil steel imports per year by Chile's small steel manufacturing companies and raise their costs to levels where its exports could not compete any more. These companies manufacture mostly steel furniture, construction and decoration tubes, high-tension towers and construction structures. In the last 11 years, Chile exported about 35% of ...