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21 Feb

Gerdau's South American fourth-quarter performance slips

Brazilian steelmaker Gerdau saw its South American units' crude steel and finished output drop in the fourth quarter, Kallanish notes. “We closed the fourth quarter with lower shipment volumes. In addition to the seasonality period, the international macroeconomic environment uncertainty remains,” the steelmaker says. “The geopolitical conflicts and a surplus in global steel production, which impacted the market, and particularly Brazil…
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