He reiterated that the Dominican market remains one of the best in terms of supply in the entire region, and guaranteed that it will continue to be so since they have taken the necessary measures to ensure that the supply of steel continues to contribute to the dynamism of construction in the Dominican Republic.
SANTO DOMINGO.- Unlike other countries in the Central American and Caribbean region, the Dominican Republic has been among those that have most efficiently managed the international crisis in the steel market, caused by the conflict between Russia and Ukraine, said Jefferson Marko, president of Gerdau Metaldom in the Dominican Republic and of Gerdau Diaco and Cyrgo in Colombia, yesterday, Sunday.
“At a time when countries like Mexico, Brazil, and the United States are announcing new increases of more than 20%, and Turkey more than 40%, in our country local producers continue working in a public-private effort to mitigate the impact of these increases, which are caused by international issues such as global inflation, the historic increase in oil prices, and the war between Russia and Ukraine,” said Marko.
He highlighted the favorable business climate offered by the country during a visit to the Minister of Industry, Commerce and MSMEs, Victor “Ito” Bisonó, where he also emphasized the importance of the public-private alliance that has been created between the Dominican steel production sector and the government to keep the construction sector supplied in the Dominican Republic and ensure that it continues to be one of the main drivers of the Dominican economy.
Furthermore, he reiterated that the Dominican market remains one of the best in terms of supply in the entire region, and guaranteed that it will continue to be so since they have taken the necessary measures to ensure that the supply of steel continues to contribute to the dynamism of construction in the Dominican Republic.
The executive took advantage of his visit to thank Minister Bisonó for his coordination efforts and openness in seeking joint solutions for a company that provides more than 800 direct jobs and a sector that contributed an average of 11.5% to GDP from 2015 to 2021. In turn, Minister Bisonó emphasized the importance of the local industry as a generator of foreign exchange and exporter of finished steel products to more than 20 countries in the region.
