Gerdau SA
SAO:GGBR4 ISIN:US3737371050
Gerdau SA (SAO:GGBR4) (NYSE:GGB) is a producer of long rolled steel. Gerdau operates steel mills that produce steel by direct iron-ore reduction (DRI) in blast furnaces and in electric arc furnaces (EAF). In Brazil it operates four integrated steel mills, including its mill, Ouro Branco unit, an integrated steel mill located in the state of Minas Gerais. The Company has a total of 59 steel producing units globally, including joint ventures and associate companies. The joint ventures include a unit located in the United States for the production of flat rolled steel and another unit in India. The associate companies are Aceros Corsa S.A. de C.V. (Aceros Corsa) in Mexico, Corporacion Centroamericana del Acero S.A. (Corporacion Centroamericana del Acero) in Guatemala and Industrias Nacionales (INCA) in the Dominican Republic. The Company operates in four segments: Brazil (Brazil BO), North America (North America BO), Latin America (Latin America BO) and Specialty Steel (Specialty Steel BO).
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News
Australian Market Report of December 20, 2010 includes: IMX Resources Limited (ASX:IXR) has sailed its first shipment of iron-copper ore to China; Phylogica Limited (ASX:PYC) signed collaboration and licensing deal with Pfizer (NYSE:PFE); Copper Strike Limited (ASX:CSE) received strong copper/silver/cobalt results at Walford Creek in Northwest Queensland; South American Ferro Metals Limited (ASX:SFZ) iron ore production in Brazil exceeds 400,000 tonnes.
The Latin American Iron and Steel Institute (ILAFA) are proud to present the Latin American Iron and Steel Congress 2010, from the 24th-26th of October. The Congress will be held at the Hilton Hotel Buenos Aires between 9am and 4pm, with city tours and location visits to see and a beautiful luncheon at the Coleccion Restaurant which specialises in Mediterranean cuisine. After the event people can enjoy the city of Buenos Aires and its hot tourist spots such as the Buenos Aires City Tour, Fortabat Museum and Colon Theatre and a visit to the PROA Foundation.
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