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Dominica domestic steel demand remained flat

It is reported that Dominican Republic steel consumption is only 47% of the national production, showing the country’s domestic demand for steel has not increased so far. For local markets consumed was about 188,000 tons of steel per year, while production capacity to 400,000 tons a year.
Dominican Republic steel Association noted that the steel industry can take advantage of the opportunity to improve the local steel markets. Meanwhile, Government may take the opportunity to boost the Dominican domestic demand for steel, which has been targeting some of major projects, such as Punta Catalina 770 MW coal-fired power plants.

Source: yieh

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