Metalurgica Gerdau SA traded at 10.16 this Friday June 5th, decreasing 0.17 or 1.65 percent since the previous trading session. Looking back, over the last four weeks, Metalurgica Gerdau lost 3.42 percent. Over the last 12 months, its price rose by 10.20 percent. Looking ahead, we forecast Metalurgica Gerdau SA to be priced at 9.53 by the end of this quarter and at 8.76 in one year, according to Trading Economics global macro models projections and analysts expectations.
Metalurgica Gerdau SA, formerly Metalurgica Hugo Gerdau SA, is a Brazil-based company engaged in the steel production industry. The Company focuses on manufacturing long steel and flat steel items, principally through the process of fabrication in electrical furnaces from scrap metal and purchased pig iron, as well as by producing steel from iron ore in the blast furnace and by direct reduction. Its activities are divided into four segments: Operations in Brazil, Operations in North America, Operations in Latin America and Special Steel Unit. Its products are distributed in various sectors, such as civil construction, agriculture, industrial automotive and The Company operates production plants in Brazil, Argentina, Chile, Colombia, Mexico, Peru, Venezuela, the United States, Canada, Spain and India, among others.