Gerdau SA (GGBR3.SA)
8 Dec 2016
|Market Cap(Mil.):||R$ 20,909.31|
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
* Brazilian steelmaker Gerdau SA said it is seeing some signs of a recovery in Brazilian steel demand
RIO DE JANEIRO, Aug 10 Brazilian steelmaker Gerdau SA reported on Wednesday net profit for the second quarter of 184 million reais ($59 million), down 30.6 percent on the same quarter last year.
SAO PAULO, Aug 9 Brazilian steelmaker Gerdau SA plans to buy back 10 million preferred shares or American Depository Receipts from Aug. 11, the company said in a filing published on Tuesday.
BRASÍLIA, July 13 Brazil's tax auditing court CARF ruled against steelmaker Gerdau SA on Wednesday in four cases where the company was questioning charges estimated at 4 billion reais ($1.2 billion).
SAO PAULO, June 9 Brazilian steelmaker Gerdau SA said in a securities filing on Thursday it has not yet been notified of investors' lawsuits filed in the United States.