Gerdau traded at 25.63 this Monday August 3rd, increasing 0.65 or 2.60 percent since the previous trading session. Looking back, over the last four weeks, Gerdau gained 17.35 percent. Over the last 12 months, its price rose by 57.92 percent. Looking ahead, we forecast Gerdau to be priced at 24.27 by the end of this quarter and at 22.25 in one year, according to Trading Economics global macro models projections and analysts expectations.
Gerdau SA is a Brazil-based manufacturer of steel products. The Company is engaged in the production and commercialization of steel products in general, through its mills located in Argentina, Brazil, Canada, Colombia, the United States, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela. The Firm’s product portfolio includes crude steel; finished products for the construction industry, such as rebar, wire-rods, structural shapes, hot-rolled coils and heavy plates; finished industrial products, such as commercial rolled-steel bars, light profiles and wires; agricultural products, such as stakes, smooth wire and barbed-wire; and special steel items. The Company’s activities include also operations of iron ore mines located in the state of Minas Gerais.