Market uncertainties spur Gerdau review of $5.07B investment plan

Nov 02, 2012 | 09:29 AM | Ana Paula Camargo

Tags  Gerdau, André Gerdau Johannpeter, Gerdau Aza, steel, Açominas, long steel rolling capacity, heavy plate, hot strip mill Siderperú

SÃO PAULO — Gerdau SA is reviewing its 10.3-billion-reais ($5.07-billion) investment plan for 2012 through 2016 in light of uncertain global market conditions.

"A new investment plan will be announced in February 2013," chief executive officer André Gerdau Johannpeter said during a Nov. 1 conference call.....

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