Gerdau's net income tumbles in 3d qtr.

Nov 02, 2012 | 09:48 AM | Ana Paula Camargo

Tags  Gerdau, steel shipments, special steel, quarterly earnings, Ana Paula Camargo

SÃO PAULO — Gerdau SA’s net profit declined in the third quarter amid lower steel shipments.

Net income totaled 408 million reais ($200.7 million) for the period, down 42.8 percent from 713 million reais a year earlier, the Brazilian steelmaker said in its third-quarter financial report.....

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