Gerdau upbeat on US auto, energy markets

Feb 22, 2013 | 05:23 PM | Corinna Petry

Tags  Gerdau SA, North AMerican operations, 2013 steel market outlook, SBQ, special bar quality product, auto market, energy market, Corinna Petry

CHICAGO — Gerdau SA provided a conservative yet positive outlook for North American steel demand this year, citing two key end markets.

"The United States should continue to present good demand, particularly in the sectors of energy and automotive. With the increasing exploration in the shale gas reserves, the industry expects to grow as the cost of energy will become more competitive," chief financial officer André Pires de Oliveira Dias said during....

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