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Gerdau Q1 update on Special Steel Business Division

Steel News - Published on Wed, 15 May 2019

Image Source: Seeking Alpha
Gerdau’s Special Steel Business Division includes the special steel operations in Brazil and the United States. Shipments decreased in 1Q19 compared to 1Q18, influenced by the deconsolidation of India and the lower shipments in Brazil and the United States. In Brazil, despite the growth in vehicle shipments, vehicle production declined, influenced by weaker exports, given that Argentina is the main destination of Brazil’s auto exports. In the United States, the decline in shipments was due to the lower consumption in the oil and gas industry and the reduction in inventories in the distribution chain.

Net sales increased in 1Q19 compared to 1Q18, reflecting the higher net sales per tonne sold.

SPECIAL STEEL BD1Q191Q18YoY4Q18QoQ
Production of crude steel518591-12.3%44416.7%
Shipments of steel Results (R$ million)430514-16.3%474-9.3%
Net Sales18401,7326.2%1989-7.5%
 

In ‘000 tonnes

Source :

Posted By : Rabi Wangkhem on Wed, 15 May 2019
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