Gerdau SA (GGBR4.SA)
R$ 0.76 (+3.76%)
Wed, May 6 2020
SAO PAULO, May 6 Brazilian steelmaker Gerdau plans to restart the blast furnace at its mill in the town of Ouro Branco at the end of June or beginning of July, as the company expects a gradual rebound in orders, Chief Executive Gustavo Werneck said on Wednesday.
SAO PAULO, May 6 Brazilian steelmaker Gerdau said on Wednesday its profit for the first quarter fell by half to 221 million reais ($39.6 million) compared with a year ago due to weaker sales in South America, although sales in the United States were more resilient.
SAO PAULO, April 17 Brazilian steelmaker Gerdau SA said on Friday that its board has nominated Guilherme Chagas Gerdau Johannpeter as chairman.
SAO PAULO, April 3 Brazil steelmaker Gerdau on Friday announced several production cuts, including temporarily shutting down one of its blast furnaces, following in the footsteps of its domestic competitors as the coronavirus outbreak has harmed demand.