Brazil steel rebar demand recovering, prices to rebound soon: Gerdau

Steel rebar demand in Brazil has already rebounded, and both prices and producers’ profitability have started to recover too, Gerdau chief executive officer Gustavo Werneck said on Wednesday March 1.

In conference calls in which he discussed the company’s 2022 earnings, the CEO said that long steel consumption dipped significantly in December last year, after the traditionally weaker season for...

Published

Renato Rostás

March 02, 2023

14:34 GMT

São Paulo