Gerdau, a publicly owned company headquartered in Brazil, was founded in 1901. With approximately 20,450 employees, the company reported $12.5B in revenue as of 2025. Operating primarily in mining, Gerdau is the largest producer of long steel in the Americas, maintaining steel mills across Brazil, Argentina, Canada, Colombia, Dominican Republic, Mexico, Peru, United States, Uruguay, and Venezuela.
Gerdau shares dropped 2.91% to US$4.33 on August 21, underperforming a global sector as Brazilian construction-heavy steel producers fell amidst a "China Glut." Previously, on August 20, Brazil's heavy plate exports reached 21,100 metric tons (mt) in July, up from 13,100 mt in June, driven primarily by renewed shipments to the United States. On August 14, Gerdau halted a US$45 million investment in Peru as a pressure tactic to demand a halt to Chinese company Shenglong's project, citing alleged permit irregularities and the risk of unfair competition from subsidized Chinese steel, with Gerdau controlling a third of the Peruvian market. Earlier, effective August 7, Gerdau joined Steel Dynamics and Nucor in raising US merchant bar quality (MBQ) steel list prices by $30-80/short ton (st), with MBQ angles, rounds, and flats increasing by $30/st and some channel grades by $80/st. This followed Gerdau's restructuring of its Açonorte plant in Recife on August 12, which ceased steelmaking and rolling mill operations to concentrate exclusively on drawn products like wire mesh and nails. This strategic optimization eliminated approximately 160 positions, while 450 jobs remain at the facility.
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