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19 Feb
12:21

Gerdau steel production/sales dip in 2019

Brazilian steelmaker Gerdau saw both its crude steel production and shipments fall year-on-year in 2019, Kallanish notes from the steelmaker's operating report. Net sales and net income for the full year were also lower compared to those in 2018. Gerdau`s full-year crude steel production in 2019 amounted to 12.453 million tonnes, -18.8% lower compared to 2018. Total steel shipments also decreased by -17.0% y-o-y to 12.090mt i…
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