High global steel prices create room for local adjustments, Gerdau says

The high steel prices in the global market are creating opportunities for adjustments in the countries where long steel-focused mill Gerdau operates, chief executive officer André Gerdau Johannpeter has said.

“There is a favorable environment for [local price] adjustments in countries such as Brazil, the United States, Peru and Argentina,” he told analysts during a presentation for investors on Monday December 4 in São Paulo. Domestic prices are not only being affected by increased global steel prices, but also by higher iron ore, coal and scrap costs, Johannpeter...

Published

Ana Paula Camargo

December 05, 2017

17:55 GMT

São Paulo