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.
On October 2, 2026, Gerdau Long Steel North America, along with Nucor-Yamato Steel, a joint venture of Nucor Corporation and Yamato Kogyo, raised prices on various beams and piles by $50 per short tonne, according to Kallanish. Earlier on September 30, Gerdau CEO Gustavo Werneck stated that the company views Porto Sudeste as an opportunity to enhance its competitiveness in iron ore mining, confirming it is structuring a joint bid with partners such as Vale for the asset located in Rio de Janeiro. Also on September 30, Gerdau became a finalist for the 2026 Steelie Awards in the "Excellence in Communications Programmes" category for its project with Red Bull, which involved the construction of the world’s largest skateboard ramp in Brazil using Gerdau steel. This follows Gerdau S.A. and several of its subsidiaries securing a five-year US$1.125 billion revolving credit facility on September 24, where Hughes Hubbard advised a club of nine banks.
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