03
May
20:27
Gerdau North America first-quarter steel shipments increase
Brazilian-based producer Gerdau posted first-quarter gross profit in its North American segment of BRL $1.9 billion ($380.96 million) on sales of BRL $7.8 billion, Kallanish reports.
Gerdau NA’s shipments in Q1 inched up 0.9% but crude steel production decreased compared to Q1 2022. Shipments equalled 1.1 million tonnes in Q1 2023 compared to 1.09mt in Q1 2022. Production was 1.18mt, down 2.3% from Q1 when it reached 1.21mt.
Deliveries grew on-quarter mean…
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Anonymous
Very good overview of the weekly steel market.
Anonymous