AT A GLANCE: Gerdau Q4 earnings up on construction, automotive resilience

A summary of Brazilian steelmaker Gerdau’s financial results in the fourth quarter and full year of 2020, as stated in its earnings report published on Wednesday February 24.

In brief Domestic sales volumes of both flat and long steel in the Brazil division increased year-on-year during the fourth quarter amid stronger steel demand from the construction, wind power and infrastructure sectors, driving the company’s output in the country. Production and sales for the North America division were also up in October-December, on the same basis of comparison, due to resilience during the Covid-19 pandemic shown by industrial sectors and non-residential construction. The recovery seen in the...

Published

Renato Rostás

February 24, 2021

12:45 GMT

São Paulo