Gerdau's existing assets in the US, Canada 'adequate', executive says

Gerdau considers its current portfolio of assets in the United States and Canada to be “adequate” following the divestments in January of some of its US rebar production units, a wire rod mill and two downstream facilities, it has said.

“We reached a point where we consider our portfolio [in North America] adequate, and from now on we will draft our growth strategy,” Gerdau chief finance officer Harley Scardoelli told analysts during a conference call on Wednesday February 28.

At the beginning of the...

Published

Felipe Peroni

February 28, 2018

20:12 GMT

São Paulo