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Gerdau SA (GGBR4.SA)

GGBR4.SA on Sao Paulo Stock Exchange

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Wed, Aug 7 2019

Brazil steelmaker Gerdau cuts 2019 investment plan amid weak demand

SAO PAULO 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.

UPDATE 1-Brazil steelmaker Gerdau cuts 2019 investment plan amid weak demand

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.

Brazilian steelmaker Gerdau profit sinks 50% following divestments

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.

Brazilian steelmaker Gerdau posts net income of $114 million in q1

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.

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