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International Business Times

World

Paulina ABRAMOVICH

Chile's Biggest Steelworks Sunk By Cheap Chinese Imports

Aeral view of Siderurgica Huachipato, in Talcahuano, Bio Bio region, taken on September 11, 2024. Huachipato, Chile's largest steelmaker, will shut down its furnace on September 16, 2024, the end of a 74-year-old company with strong social roots that succumbed to ‘unfair’ competition from Chinese steel. (Credit: AFP)

It's the end of an era: after 74 years the blast furnace at Chile's biggest steelmaker will be turned off on Monday, snuffed out by competition from China with the loss of thousands of jobs.

For generations life in Talcahuano, a city of 160,000 inhabitants around 500 kilometers (310 miles) south of Santiago, has revolved around the emblematic Huachipato steel mill.

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