Gerdau’s N. American profit falls sharply

Oct 31, 2013 | 12:48 PM | Samuel Frizell

Tags  Gerdau, Gerdau North America, steel shipments, earnings, Samuel Frizell

NEW YORK — Gerdau SA’s North American business operations, excluding Mexico and special steel, recorded a 33.6-percent year-on-year drop in third-quarter gross profit to 148 million reais ($66.38 million).

Shipments by its North American operations fell 9 percent to just under 1.61 million tonnes in the third quarter from nearly 1.77 million tonnes a year earlier, which the company attributed to....

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