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Officials at Palmetto, Florida-based Port Manatee are anticipating a big boost in exports of recycled steel materials following the acquisition of a port-adjacent, 25.5-acre facility by a new subsidiary of Peru-based steelmaker Aceros Arequipa.

“Port Manatee enthusiastically welcomes Aceros America Port Manatee LLC as the latest addition to our expanding customer base here at the global gateway of Southwest and Central Florida,” said Carlos Buqueras, Port Manatee’s executive director. “We look forward to working with the company in achieving its goal of exporting 100,000 tons from Port Manatee on an annual basis.”

The facility that Aceros Arequipa acquired from Lewiston, Maine-based Grimmel Industries is about 1.5 miles from Port Manatee’s deepwater berths. Shipments are to head from the port to Peru, where Aceros Arequipa is ramping up production at a new electric-arc furnace mill in Pisco. The new mill requires 1.3 million tons of raw steel per year–450,000 tons more than was required annually at the production facility it is succeeding.

“This is a big step for us–our first into the recycled steel business in the United States–as it will be integral to meeting increased demand while decreasing dependency upon third parties for raw materials,” says Diego Arróspide Benavides, manager of Aceros America Port Manatee LLC.