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Gerdau SA (GGBR4.SA)

GGBR4.SA on Sao Paulo Stock Exchange

12.68BRL
16 Aug 2019
Change (% chg)

R$ 0.40 (+3.26%)
Prev Close
R$ 12.28
Open
R$ 12.48
Day's High
R$ 12.68
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R$ 12.29
Volume
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R$ 17.65
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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.

Brazil steelmaker Gerdau to invest in 'dry stacking' after Vale disaster

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.

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