Gerdau confident in US recovery: exec

Oct 10, 2012 | 01:29 PM | Chris Prentice

Tags  André B. Gerdau Johannpeter, Kalyani Group, World Steel Association, Chris Prentice

NEW DELHI — Brazilian steelmaker Gerdau SA is confident that U.S. economic growth will be sustained in 2013, according to chief executive officer André B. Gerdau Johannpeter.

Despite worldwide economic uncertainty and a global steel market that is in oversupply, there is room for expansion efforts in certain regions as long as it is tailored to those markets, Johannpeter told AMM on the sidelines of the World Steel Association (WorldSteel) annual conference in New Delhi.

One of the regions in which the steelmaker expects to see continued recovery is the United States, where the company is on track with plans to upgrade and expand its special-bar-quality (SBQ) operations to feed into the automotive market.....

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