05
Aug
14:56
Pandemic hampers Gerdau second-quarter performance
Brazilian steelmaker Gerdau’s second-quarter performance reflected the harsh consequences of the Covid-19 crisis, Kallanish notes. Crude steel production, sales and net revenue fell drastically year-on-year.
“During the second quarter both output and sales decreased on-year and compared to Q1 2020 as a result of the stoppages at the company’s mills carried out due to Covid-19 and its impact on business,” Gerdau says in its la…
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Anonymous
Very good overview of the weekly steel market.
Anonymous