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Gerdau SA (GGBR4.SA)

GGBR4.SA on Sao Paulo Stock Exchange

10:31am EDT
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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

Brazilian steelmaker Gerdau hopes reduce leverage by end of year
Wednesday, 10 Aug 2016 11:00am EDT 

: Brazilian steelmaker Gerdau SA said it is seeing some signs of a recovery in Brazilian steel demand . Gerdau said hopes to keep reducing leverage in dollar terms until end of year . Gerdau said its mills in Brazil reached a utilization rate of 75 percent capacity in Q2, compared to 65 percent in Q1 Further company coverage: (Reporting by Alberto Alerigi) ((Stephen.Eisenhammer@thomsonreuters.com;)).  Full Article

Gerdau is notified of class action complaint in USA
Monday, 13 Jun 2016 08:28am EDT 

Gerdau SA :Announced on Friday that it had received at one of its subsidiaries based in the United States of America documents related to the class action complaint promoted by Donald P. Boland and Mary A. Boland.  Full Article

ArcelorMittal to top Brazil's long steel output after Votorantim deal: executive

SAO PAULO/BRASILIA The Brazilian unit of ArcelorMittal expects to conclude in the second quarter the takeover of rival Votorantim Siderurgia SA to become the country's largest long steel producer, a senior company executive said.