Gerdau sees little impact from Brazil's steel import tax decision

SAO PAULO Thu Aug 1, 2013 10:59am EDT

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SAO PAULO Aug 1 (Reuters) - A decision by the Brazilian government not to renew an import tax on some steel products is unlikely to impact local mill Gerdau SA in a meaningful way, Gerdau executives said at a conference call on Thursday.

The decision will not have "a great impact" on Gerdau, the largest steelmaker in the Americas, Chief Executive André Gerdau-Johannpeter said.

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