Aceros Arequipa's Q1 earnings more than double on increased steel prices

Earnings at Peruvian steelmaker Aceros Arequipa more than doubled in the first quarter of 2018 compared with the corresponding period of last year on higher sales prices.

The mill reported earnings before interest, taxes, depreciation and amortization (Ebitda) of 97 million nuevos soles ($29.97 million), against 39 million nuevos soles the previous...