Brazilian steel maker Gerdau has reported that revenue totaled BRL 22.968 billion in April-June 2022 quarter of this year up 20% YoY, EBITDA amounted to BRL 6.680 billion up 13% YoY and net income BRL 4.298 billion up 28% YoY. Brazil was responsible for 45% of the group’s net sales and 32% of its EBITDA, while North America had respectively 33% &43%, South America had 9% & 11% and the specialty steels business division had 13% & 15%.Production of crude steel increased by 0.7% YoY to 3.43 million tonnes, while sales of steel products increased by 6% YoY to 3.25 million tonnes. Gerdau said “The higher volume of sales attests the resilience of the construction and industrial sectors and the gradual recovery of the automotive sector.Capex investments totaled BRL 959 million in Q2 of 2022, of which BRL 661 million in Maintenance and BRL 298 in Expansion and Technological Update.Gerdau is Brazil's largest steel producer, one of the leading producers of long steel in the Americas and of special steel in the world.
Brazilian steel maker Gerdau has reported that revenue totaled BRL 22.968 billion in April-June 2022 quarter of this year up 20% YoY, EBITDA amounted to BRL 6.680 billion up 13% YoY and net income BRL 4.298 billion up 28% YoY. Brazil was responsible for 45% of the group’s net sales and 32% of its EBITDA, while North America had respectively 33% &43%, South America had 9% & 11% and the specialty steels business division had 13% & 15%.Production of crude steel increased by 0.7% YoY to 3.43 million tonnes, while sales of steel products increased by 6% YoY to 3.25 million tonnes. Gerdau said “The higher volume of sales attests the resilience of the construction and industrial sectors and the gradual recovery of the automotive sector.Capex investments totaled BRL 959 million in Q2 of 2022, of which BRL 661 million in Maintenance and BRL 298 in Expansion and Technological Update.Gerdau is Brazil's largest steel producer, one of the leading producers of long steel in the Americas and of special steel in the world.
