Gerdau, Brazil’s largest steelmaker, is holding back planned investment in Peru as cheap Chinese steel presses on the market. Its Peruvian unit Siderperú has publicly rejected a Chinese steel project in Peru associated with a company referred to as Acero Lima Shenglong. Siderperú Objects to a Chinese ProjectSiderperú has publicly rejected a Chinese steel project in Peru associated with a company referred to as Acero Lima Shenglong. The Chinese steel project associated with Acero Lima Shenglong had not submitted one. Sources Gerdau · INDECOPI · BNamericasConnected Coverage Peru: Business & Trade More Peru coverage from The Rio TimesSources: Gerdau, INDECOPI, BNamericas.