09
Aug
19:04
Gerdau's Q2 earnings suffer from diminishing sales spreads
Second-quarter steel shipments for the Brazilian steelmaker Gerdau remained approximately in line with the previous quarter's levels. However, the company's net sales were down nearly 21% year-on-year resulting from a diminishing sales spread.
Gerdau's adjusted Q2 Ebitda totalled BRL 3.8 billion ($774.2m), resulting from net sales of BRL 18.3 billion. In comparison, the company's adjusted Q2 Ebitda in the previous year totalled BRL 6.7 billion on n…
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Anonymous
Very good overview of the weekly steel market.
Anonymous