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Metalurgica Gerdau SA (GOAU4.SA)

GOAU4.SA on Sao Paulo Stock Exchange

8.08BRL
20 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Metalurgica Gerdau to issue debentures worth up to BRL 450 million
Monday, 11 Jul 2016 

Metalurgica Gerdau SA : Said on Thursday that its extraordinary general meeting had approved the fifth private debenture issue totalling up to 450.0 million Brazilian reais ($136.6 million) . Minimum issue value to be subscribed and paid up is 150.0 million reais . Will use 88 percent of net proceeds to amortize short-term debt and 12 percent of net proceeds to strengthen cash position .The debentures will have a term of three years and will mature on August 9, 2019.  Full Article

U.S. finds dumping, subsidies in wire rod imports from five nations

WASHINGTON The U.S. Commerce Department said on Tuesday it had made final findings in dumping and subsidy investigations of carbon and alloy steel wire rod sold in U.S. markets from Italy, South Korea, Spain, Turkey and Britain.