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Gerdau SA (GGBR4.SA)

GGBR4.SA on Sao Paulo Stock Exchange

11:56am EST
Change (% chg)

R$ -0.10 (-0.65%)
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R$ 15.50
R$ 15.39
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R$ 15.50
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R$ 18.53
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R$ 13.09

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

Brazil steelmaker Gerdau struggles to find workers in the U.S.

SAO PAULO Brazilian steelmaker Gerdau SA, which has significant operations in the United States, expects its U.S. bottom line to continue benefiting from import tariffs on the metal and is looking to expand its output there, but is struggling to find workers to fill jobs.