Halt at Talcahuano mill to cost CAP Acero $14.5 million-Pumao steel

CAP Acero, the steel organization of Chile-based holding business CAP SA, stated it will lose $14.5 million as a result of a recent halt at its Talcahuano mill.

The company said it will evaluate its annual outcome production plan to partly compensate the loss for the remainder of the year.

On February 9, CAP Acero halted outcome at its Talcahuano mill, complying with a postponed blast heater startup. The delayed start-up was due to an occurrence throughout upkeep operates at its No. 2 blast furnace.

CAP Acero stated at the time it provided clients with existing stock. It additionally approximated a result loss of 50,000 mt or 6 percent its yearly ability.