Key Developments: Gerdau SA (GGB)
6.76USD
20 May 2013
$0.08 (+1.20%)
$6.69
$6.68
$6.80
$6.68
4,794,858
5,797,374
$10.82
$6.56
Latest Key Developments (Source: Significant Developments)
Gerdau SA Announces Q1 2013 Dividend Payment for Gerdau SA and Metalurgica Gerdau SA
Gerdau SA announced that on May 7, 2013 it approved the payment of dividend for the first quarter of the 2013 fiscal year. The payment will be made as from May 29, 2013 to shareholders on record as of May 17, 2013 at the value of BRL 0.02 per ordinary or preferred shares for shareholders of Metalurgica Gerdau SA and BRL 0.02 per ordinary or preferred share for shareholders of Gerdau SA. Shares will be traded ex-dividends as from May 20, 2013. Full Article
Gerdau SA Announces Q4 2012 Dividend Payment for Gerdau SA and Metalurgica Gerdau SA
Gerdau SA announced that on February 21, 2012 its Board of Directors approved the payment of dividend for the fourth quarter of the 2012 fiscal year. The payment will be done as from March 14, 2013 to shareholders on record as from March 4, 2013 at the value of BRL 0.02 per ordinary or preferred shares for shareholders of Metalurgica Gerdau SA and BRL 0.02 per ordinary or preferred share for shareholders of Gerdau SA. Shares will be traded ex-dividends as from March 5, 2013. Full Article
Gerdau SA Announces Retirement of CFO
Gerdau SA announced retirement of the Company's Chief Financial Officer (CFO) Mr. Osvaldo Burgos Schirmer, effective as of December 31, 2012. Full Article
Gerdau SA Announces Iron Ore Production Guidance for 2013 and 2016
Gerdau SA announced that, as already disclosed to the market before, it has continued its investments in iron ore in order to reach the annual production target for 2013 of 11.5 million tons with planned investment of BRL 838 million. Later, with additional investments of approximately BRL 500 million, the Company will achieve, by 2016, the annual installed capacity for production of 18 million tons per year. Also in this phase, it will invest over BRL 500 million for the implementation of a railroad terminal in Miguel Burnier in Minas Gerais, Brazil, to facilitate the flow of iron ore produced. Moreover, the Company aims to achieve a volume of iron ore production exceeding 24 million tons per year thanks to a new processing plant of friable itabirite with entry into operation estimated for 2020. Full Article
Gerdau SA Announces Q3 2012 Dividend Payment for Gerdau SA and Metalurgica Gerdau SA
Gerdau SA announced that on November 1, 2012 its Board of Directors approved the payment of dividend in the form of own capital interest for the third quarter of the 2012 fiscal year. The payment will be done as from November 23, 2012 to shareholders on record as from November 12, 2012 at the gross value of BRL 0.09 per ordinary or preferred shares or the net value of BRL 0.0765 per share for shareholders of Metalurgica Gerdau SA and BRL 0.07 per ordinary or preferred share or the net value of BRL 0.0595 per share for shareholders of Gerdau SA. Shares will be traded ex-interests as from November 13, 2012. Full Article
Bidders Line Up For ThyssenKrupp AG's Steel Americas Mills; Gerdau S.A. And Others May Bid-Reuters
Reuters reported that global steel companies including ArcelorMittal, United States Steel Corp and POSCO have made first round bids for ThyssenKrupp AG's steel mills in Brazil and the United States. Nucor Corporation, Japan's JFE Holdings, Inc., China's Baoshan Iron & Steel Co., Ltd. and Brazil's CSN also submitted bids. ThyssenKrupp said in May it was considering all options for the loss-making steel mills, including a partnership or a sale, to halt the losses and concentrate on its European business. The plants were meant to give ThyssenKrupp a foothold in the Americas, but the mills have had to struggle with rising costs and sluggish demand. the mills separately for at least their combined book value of EUR7 billion ($9 billion). Bids were at only about EUR3-4 billion. Brazil's Usinas Siderurgicas de Minas Gerais S.A. and Gerdau S.A., Japan's Nippon Steel & Sumitomo Metal Corp and AK Steel Holding Corp, which had been named as possible bidders - have not made any indicative offers. Full Article
Gerdau SA Announces Q2 2012 Dividend Payment for Gerdau SA and Metalurgica Gerdau SA
Gerdau SA announced that, on August 2, 2012, its Board of Directors approved the proposal to pay out dividend for the second quarter of the 2012 fiscal year. The payment will be done as of August 23, 2012 to the shareholders on record as of August 13, 2012 at the value of BRL 0.09 per share for shareholders of Gerdau SA and BRL 0.13 per share for shareholders of Metalurgica Gerdau SA. Shares will be traded ex-dividends as of August 14, 2012. Full Article
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