|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||4.46 - 4.71|
|52-week range||2.60 - 4.79|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.03 (0.63%)|
|1y target est||4.86|
Gerdau (GGB) is well poised to benefit from its diversified business structure that primarily includes crude steel production and iron ore mining activities.
Gerdau (GGB) has agreed to sell its U.S.-based rebar operations for $600 million. The deal, when completed, will help the company strengthen its core operations and lower its debt burden.
Commercial Metals Co. plans to acquire assets from a Brazilian rival that would double its share of U.S. rebar steel, a key construction material.
Gerdau's (GGB) third-quarter 2017 profitability benefited from higher revenues, fall in financial expenses and positive impact of exchange variations, partially offset by rise in cost of sales.
On a per-share basis, the Porto Alegre, Brazil-based company said it had profit of 3 cents. The steel producer posted revenue of $2.99 billion in the period. _____ This story was generated by Automated ...
Global steel profitability is improving as the Chinese government shutters inefficient production capacity, and that's good news in Brazil. Goldman Sachs analysts Humberto Meireles and Michael Scott resumed coverage of Latin American steel and basic materials stocks Monday with a neutral view overall, and a preference for investing exposure to steel itself versus the raw ingredient iron ore that goes into making steel. The analysts are neutral on iron-ore mining giant Vale (VALE), and other miners: Bradespar (BRAP4.Brazil), SSCO (SSCO) and GMEX (GMEXICOB), but have more mixed calls on steel producers, with a Buy rating on Gerdau.
Nucor was the S&P 500's top gainer on October 11, 2017. Nucor rose 3.6% and closed the day at $57.34—the highest close in two months.
The European Union has decided to set duties on hot-rolled steel from Brazil, Iran, Russia and Ukraine after a complaint by EU manufacturers that the product used for construction and machinery was being sold at excessively low prices. The EU will levy anti-dumping tariffs of between 17.6 and 96.5 euros ($20.6-112.8) per tonne from Saturday, its official journal said. The European Commission had initially proposed setting a minimum price - of 472.27 euros per tonne - but revised its proposal after failing to secure backing from EU member states.
To manage its debt burden, Gerdau S.A. (GGB) is set to divest its Chilean long steel industrial units for $154 million. It has also commenced a cash tender offer for $500 million worth of Bonds.
The U.S. International Trade Commission said on Thursday it had made a preliminary finding that U.S. producers were being injured by imports of carbon and alloy steel wire rod from 10 countries. As a result, ...
The U.S. Department of Commerce said on Tuesday it was launching investigations into whether imports of carbon and alloy steel wire rod from certain countries are being dumped and/or subsidized. The probe ...