Outlook bright if Washington behaves: Gerdau
Mar 01, 2013 | 05:24 PM
| Catherine Ngai
TAMPA, Fla. Gerdau Long Steel North America could see growth opportunities in the upcoming year thanks to a bottomed-out construction market and a burgeoning automotive sector, according to the companys top executive.
But economic growth will require Washington to act, offering much clearer economic goals and working through gridlock, Guilherme Gerdau Johannpeter, president of the Tampa-based company, said March 1 during the 24th annual Port of Tampa Steel Conference.
Nonresidential construction is "facing a very slow recovery from the bottom, (but) weve clearly hit the bottom on this," Johannpeter said. "The funding is absolutely there, (but) the dynamics have to change in the game so that (politicians) can refocus on the things that create jobs and help the U.S. economy." ....
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