Brazil's Gerdau optimistic about steel market, sales in coming quarters

Brazilian steel producer Gerdau expects steel demand and margins to remain strong in the next months, because of recovering inventories and positive performance of end users.

Gerdau is seeing premiums – the difference between prices of domestically produced material and imported steel – at around 10% for flat and long steel products.
“Premiums are low because of successive increases of prices in the international market and the currency exchange rate,” chief executive officer Gustavo Werneck said on Wednesday May 5.

Brazilian flat and long steel producers have been increasing their prices in the domestic market. Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) announced increases of...

Published

Felipe Peroni

May 05, 2021

21:54 GMT

São Paulo

Keywords