Gerdau Freezes $400 million Brazil Outlay, Eyes US Growth

BloombergWednesday, October 1, 2025 at 4:19:46 PM
Gerdau Freezes $400 million Brazil Outlay, Eyes US Growth
Gerdau, a major Brazilian steelmaker, has decided to freeze $400 million in planned investments in Brazil due to disappointing market conditions and the influx of inexpensive Chinese steel. This move highlights the challenges faced by local industries in competing with foreign imports, which could have significant implications for the Brazilian economy and employment in the steel sector.
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