04
May
17:49
US construction, auto industries drive Gerdau success
First-quarter earnings for Brazilian steel producer Gerdau were mostly a product of healthy automotive and construction demand for its US business, Kallanish learns.
The company reported gross profit in its North American segment of BRL $1.9 billion ($380.96 million) on sales of BRL $7.8 billion.
In its earnings presentation, Gerdau said the performance was thanks to “continuity of strong results coming mainly of resilient demand from the construction, indu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous