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.
Gerdau Long Steel North America, alongside Nucor Bar Mill Group, adjusted prices for merchant bar and structural sections, implementing increases of $60 per short ton at the end of April. Previously, on May 1, Vale announced it is leading a consortium with Gerdau to bid for Porto Sudeste, the iron ore export terminal in Itaguaí currently controlled by Trafigura and Abu Dhabi’s Mubadala, in a deal valued near US$5 billion. This follows Gerdau S.A.'s report on April 30 of strong Q1 2026 results, showing significant improvements in net income and EBITDA compared to both the prior quarter and year. The company's North American operations notably contributed, achieving the best-adjusted EBITDA for a first quarter since 2022, with steel shipments up 4% year-over-year to 1,276,000 metric tons. North American net sales rose 7% year-over-year to R$9,349 million ($1.87 billion), and adjusted EBITDA increased 88% to R$2,252 million ($450.6 million) in the same period. Gerdau anticipates positive free cash flow throughout 2026, with stronger generation expected in the second half.
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