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Gerdau SA (GGBR3.SA)

GGBR3.SA on Sao Paulo Stock Exchange

12.56BRL
3:45pm EDT
Change (% chg)

R$ -0.05 (-0.40%)
Prev Close
R$ 12.61
Open
R$ 12.75
Day's High
R$ 12.90
Day's Low
R$ 12.55
Volume
30,000
Avg. Vol
91,249
52-wk High
R$ 15.28
52-wk Low
R$ 9.36

Latest Key Developments (Source: Significant Developments)

Brazil's Gerdau expects gradual recovery of steel demand in 2017
Wednesday, 22 Feb 2017 12:31pm EST 

Gerdau SA : Brazil's Gerdau CEO André B. Gerdau Johannpeter says on conference call for Q4 results that perspective for 2017 remains challenging, but expects gradual recovery of steel demand during the year . CEO Johannpeter expects Brazilian economic recovery from second quarter of this year, benefiting steel market . Gerdau CFO Harley Lorentz Scardoelli says CAPEX could remain stable in coming years Further company coverage: [GGBR4.SA] (Reporting By Stephen Eisenhammer) ((Stephen.Eisenhammer@thomsonreuters.com;)).  Full Article

CORRECTED-BRIEF-Brazil's Gerdau board approves sale of India assets -filing

* CORRECTED-BRAZILIAN STEELMAKER GERDAU SAYS BOARD APPROVED SALE OF ASSETS IN INDIA (NOT: SALE OF GERDAU HUNGARY SUBSIDIARY) FOR $120 MILLION TO BLUE CORAL INVESTMENT AND MOUNTAINPEAK INVESTMENT -FILING Source text in Portuguese: [https://bit.ly/2wk4M2g] Further company coverage: (Reporting by Jake Spring)