Gerdau SA (GGBR3.SA)
R$ 0.03 (+0.32%)
|Market Cap(Mil.):||R$ 20,640.03|
SAO PAULO Falling debt costs and a steadier Brazilian currency bolstered some companies' third-quarter earnings but the results disappointed hopes for signs of a recovery in the country's recession-bound economy.
SAO PAULO Brazilian steelmaker Gerdau SA said on Wednesday that promised infrastructure spending by U.S. President-elect Donald Trump's government could support the steel sector, as it posted results showing a return to profit in the third quarter.
* Brazilian steelmaker Gerdau says increase in coal costs will have an impact on its results from 2017
* Gerdau says non-traditional flat-steel output gaining clients