Brazil steel demand to improve in 2024 but imports still a risk, Gerdau CEO says

Brazil-based steelmaker Gerdau expected to see an increase in the country’s demand for steel in 2024, but competition from imported products was a threat to the industry, according to chief executive officer Gustavo Werneck.

Infrastructure projects and government programs were expected have an effect on demand for steel next year, but an excess of imported steel could curb the industry’s recovery, Werneck told Fastmarkets...


Felipe Peroni

Gabriela Brumatti

August 24, 2023

17:00 GMT

São Paulo