Gerdau, a publicly owned company headquartered in Brazil, was founded in 1901 and employs approximately 20,450 individuals. The company's primary activity is mining, and it is recognized as the largest producer of long steel in the Americas, operating steel mills across Brazil, Argentina, Canada, Colombia, Dominican Republic, Mexico, Peru, United States, Uruguay, and Venezuela.
On June 25, 2026, Companhia Paranaense de Energia's (Copel) board approved the divestment of its stake in Dona Francisca Energética S.A. (DFESA) to Gerdau, declining preemptive rights. This followed Gerdau's agreement signed on June 16, 2026, to acquire Copel’s 23.03% stake in DFESA for R$150 million. Combined with a previous April agreement to purchase Celesc’s 23.03% holding, the steel manufacturer will assume 100% control of the hydropower asset. Earlier on June 22, 2026, Gerdau completed the commissioning of a new heat treatment facility in Midlothian, Texas, known as Gerdau Midlothian Steel Processing. This advanced operation produces stretched and stress-relieved A722 bars in various sizes and lengths up to 65 feet, designed to meet the evolving demands of industries including the renewable energy sector. On the same day, Gerdau received a Brandon Hall Group Gold award for excellence in the 'Best Advance in Benefits Strategy and Administration' category, recognizing its U.S. benefits program. Previously, in March 2013, Gerdau reported progress on its $155.6 million capital improvement projects at its special steel mill in Monroe, Michigan, which included the completion of a new continuous caster in October 2012 and plans for a new vacuum degasser that spring.
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