Gerdau SA (GGBR3.SA)

GGBR3.SA on Sao Paulo Stock Exchange

20 Feb 2018
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R$ 13.17
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R$ 13.70
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R$ 7.60

Latest Key Developments (Source: Significant Developments)

Brazilian steelmaker Gerdau hopes reduce leverage by end of year
Wednesday, 10 Aug 2016 

: 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 

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.