Chilean integrated iron and steel company CAP reported that one of the blast furnaces at its Huachipato plant has been stopped since November 5 for maintenance, which it aims to complete in January.
During the maintenance period pig iron production will be down by the equivalent of 10% of what annual production has been in recent years, the company said in a statement.
The company said it chose to push forward the planned maintenance from the previously anticipated date of September 2009 to take advantage of current low steel demand, due to the international credit crisis.
CAP is Chile's largest producer of iron and steel. The company sold 672,944t of steel products from Huachipato in H1.
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