Gerdau SA (GGBR4.SA)
16 Aug 2019
|Market Cap(Mil.):||R$ 22,698.64|
SAO PAULO, Aug 7 Brazilian steelmaker Gerdau on Wednesday lowered its estimates for 2019 investment by 18%, due to reduced demand for long steel products, weak construction demand and a fast pace of divestitures.
SAO PAULO, Aug 7 Brazilian steelmaker Gerdau on Wednesday reported a profit of 373 million reais ($94.19 million) in the second quarter, a 46.5% drop from a year earlier, due to the divestment of facilities in China, India and the United States, the company said.
SAO PAULO, May 8 Brazilian steelmaker Gerdau on Wednesday reported a net income in the first quarter of 453 million reais ($114.11 million), roughly flat compared to the same period last year, in which the company benefited from high international prices.
SAO PAULO, Feb 21 Brazilian steelmaker Gerdau SA plans to invest 300 million reais ($79.6 million) through 2021 to implement a mining process known as dry stacking in the Brazilian state of Minas Gerais, an executive said on an earnings call Thursday.