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India

Gerdau SA (GGBR4.SA)

GGBR4.SA on Sao Paulo Stock Exchange

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Wed, May 6 2020

UPDATE 1-Brazilian steelmaker Gerdau eyes construction rebound after profit drop

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.

Brazil steelmaker Gerdau posts 51% profit drop due to coronavirus restrictions in South America

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.

Brazil's Gerdau says board nominated Guilherme Chagas Gerdau Johannpeter as chairman

SAO PAULO, April 17 Brazilian steelmaker Gerdau SA said on Friday that its board has nominated Guilherme Chagas Gerdau Johannpeter as chairman.

Brazil steelmakers shut down blast furnaces as coronavirus hurts demand

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.

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