Gerdau’s production, shipments fall in 2012

Feb 21, 2013 | 03:28 PM | Juan Weik

Tags  Gerdau, Brazil operations, Latin America operations, North America operations, steel, steel production, steel sales, steel shipments Juan Weik

SÃO PAULO — Gerdau SA’s crude steel output and steel sales fell slightly last year due to a slowdown in emerging economies, the eurozone crisis and U.S. fiscal uncertainties.

Crude steel output fell 3.6 percent year on year in 2012 to 18.9 million tonnes, while shipments slipped just shy of 3 percent to 18.6 million tonnes vs. 2011, the Porto Alegre, Brazil-based company said Feb. 21 with the release of its earnings results.....

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