Paroversary in Puerto Ordaz
Venezuela's flagship state-owned steel mill, Sidor, showcases the logical conclusion of chavista economic management.
For those of you keeping score at home, it’s now been three months since Sidor has produced steel. As in any steel at all.
Production stopped the second week of January, for lack of needed supplies of refractory materials. When those supplies were eventually delivered in February, Corpoelec realized Guri Dam was running out of water and nixed the plan to restart production to save power.
Sidor has, in a way, become the reductio ad absurdum of the ¡Exprópiese! Era: its production has fallen a nice, round 100%.
Caracas Chronicles is 100% reader-supported.
We’ve been able to hang on for 19 years in one of the craziest media landscapes in the world. Now, the difficulty level was raised abruptly with the global pandemic. We’ve seen different media outlets in Venezuela (and abroad) cutting personnel to avoid closing shop. This is something we’re looking to avoid at all costs, and it seems we will. But your collaboration goes a long way in helping us weather the storm.Donate