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Gerdau update on North America Business Division

Steel News - Published on Tue, 14 May 2019

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Gerdau’s North America Business Division includes all operations in North America (Canada, United States and Mexico), except special steel, as well as the jointly controlled entities and associate company, both located in Mexico. Production and shipments in 1Q19 decreased in relation to 1Q18, due to the divestment of most rebar units and wire rod unit in the United States.

Despite the impact from the divestments on shipments, the slight reduction in net sales in 1Q19 compared to 1Q18 was due to t he increase in net sales per tonne sold, which was influenced by the improvement in prices over the course of 2018 and by the effect from exchange variation (depreciation of 16% in the average price of the Brazilian real against the US dollar in 1Q19 vs. 1Q18).

NORTH AMERICA BD1Q191Q18YoY4Q18QoQ
Production of crude steel1,2671,799-29.6%1,1797.5%
Shipments of steel1,0761,689-36.3%1,198-10.2%
 

In ‘000 tonnes

Source :

Posted By : Rabi Wangkhem on Tue, 14 May 2019
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