NewzThe Brazilian steel producer Gerdau reported an adjusted net profit of 2,479 million reals, representing a 52.8 percent increase for the first half of the year. The financial results were released on Tuesday in São Paulo by the company, which is recognized as the largest producer of long steels in the Americas.
Expressed in international currencies, the adjusted net profit is equivalent to approximately 481 million dollars or 418 million euros. The announcement highlights the strong financial performance of the major regional steel manufacturer during the initial six-month period of the year.
In-depth summary · AI, neutral