|Bid||3.50 x 1000|
|Ask||0.00 x 0|
|Day's range||4.46 - 4.71|
|52-week range||2.60 - 4.79|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.03 (0.65%)|
|1y target est||4.86|
Gerdau (GGB) is well poised to benefit from its diversified business structure that primarily includes crude steel production and iron ore mining activities.
Gerdau (GGB) has agreed to sell its U.S.-based rebar operations for $600 million. The deal, when completed, will help the company strengthen its core operations and lower its debt burden.
Commercial Metals Co. plans to acquire assets from a Brazilian rival that would double its share of U.S. rebar steel, a key construction material.
IRVING, Texas, Jan. 2, 2018 /PRNewswire/ -- Commercial Metals Company (CMC), today announced it has entered into a definitive agreement to acquire certain U.S. rebar steel mill and fabrication assets from Gerdau S.A. (GGB), a producer of long and specialty steel products in the Americas for a cash purchase price of $600 million, subject to customary purchase price adjustments. Upon completion of the acquisition, CMC will have an expanded geographic footprint in the largest construction regions in the U.S. The acquisition will increase CMC's annual rebar and fabrication capacity and allow for the more efficient utilization of its asset base to better serve customers. "This acquisition aligns with our strategy to focus on our strength in concrete reinforcing products and leverages CMC's core competencies in rebar production and value added fabrication services to non-residential construction customers. In addition, these assets provide us the opportunity to optimize our product mix more fully in the U.S. As a leader in rebar manufacturing technology and customer service, we are excited to take advantage of our expertise to increase throughput, lower costs and improve the customer experience in our new operations," stated Barbara Smith, President and CEO of Commercial Metals Company.
SAO PAULO , Nov. 30, 2017 /PRNewswire/ -- Reputation Dividend ( www.reputationdividend.com ), in association with MZ" ( www.mzgroup.com ), announced today the 2017 Brazil Reputation Dividend Report. ...
SAO PAULO , Nov. 29, 2017 /PRNewswire/ -- Reputation Dividend ( www.reputationdividend.com ), in association with MZ" ( www.mzgroup.com ), announced today the 2017 Brazil Reputation Dividend Report. ...
Gerdau's (GGB) third-quarter 2017 profitability benefited from higher revenues, fall in financial expenses and positive impact of exchange variations, partially offset by rise in cost of sales.
On a per-share basis, the Porto Alegre, Brazil-based company said it had profit of 3 cents. The steel producer posted revenue of $2.99 billion in the period. _____ This story was generated by Automated ...
PORTO ALEGRE, Brazil , Nov. 8, 2017 /PRNewswire/ -- 3Q17 Highlights Free cash flow of R$ 500 million in 3Q17, double the amount generated in 2Q17. EBITDA of R$ 1.2 billion and EBITDA margin 12.3% in 3Q17. ...
Global steel profitability is improving as the Chinese government shutters inefficient production capacity, and that's good news in Brazil. Goldman Sachs analysts Humberto Meireles and Michael Scott resumed coverage of Latin American steel and basic materials stocks Monday with a neutral view overall, and a preference for investing exposure to steel itself versus the raw ingredient iron ore that goes into making steel. The analysts are neutral on iron-ore mining giant Vale (VALE), and other miners: Bradespar (BRAP4.Brazil), SSCO (SSCO) and GMEX (GMEXICOB), but have more mixed calls on steel producers, with a Buy rating on Gerdau.
PORTO ALEGRE, Brazil , Oct. 19, 2017 /PRNewswire/ -- Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) ("Gerdau" or the "Company"), Citigroup Global Markets Inc. and Santander Investment ...
PORTO ALEGRE, Brazil , Oct. 13, 2017 /PRNewswire/ -- Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) ("Gerdau" or the "Company"), Citigroup Global Markets Inc. and Santander Investment ...
Nucor was the S&P 500's top gainer on October 11, 2017. Nucor rose 3.6% and closed the day at $57.34—the highest close in two months.
To manage its debt burden, Gerdau S.A. (GGB) is set to divest its Chilean long steel industrial units for $154 million. It has also commenced a cash tender offer for $500 million worth of Bonds.
PORTO ALEGRE, Brazil, Oct. 4, 2017 /PRNewswire/ -- Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) ("Gerdau" or the "Company"), Citigroup Global Markets Inc. and Santander Investment ...