08
Aug
10:58
Gerdau revises planned investment expenditure for 2019
Brazil`s Gerdau will reduce its planned investments for the rest of 2019. The information was confirmed by the long steelmaker during its second quarterly results conference with investors and analysts, Kallanish notes.
“In view of the slower recovery of the market, the capital expenditure estimate for 2019 was revised downwards from BRL 2.2 billion ($554.4 million) to BRL 1.8 billion,” the steelmaker said. The planned investment …
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Anonymous
Very good overview of the weekly steel market.
Anonymous