06
May
15:36
North America drags down Gerdau shipments, earnings rise
Gerdau’s steel shipments fell 1% on-year in the first quarter to 3.06 million tonnes, although crude steel production rose 8% to 3.41mt. The Russia-Ukraine conflict caused disruptions in the supply of commodities, pressures on the global supply chain and higher spot prices for raw materials in the international market, the Brazilian steelmaker says.
The drop in deliveries comes despite them rising 8% at the firm’s Brazil Business Division to 1.38mt. Th…
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Anonymous
Very good overview of the weekly steel market.
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