Mr André Gerdau-Johannpeter chief executive officer of Gerdau SA said that demand for steel products in Brazil will rise next year thanks to a series of infrastructure projects, including the sale of rights to operate airports, roads and railways.steel pipe demand

The company is optimistic about the outlook for the steel industry in North America for next year, Gerdau-Johannpeter told reporters at a conference call to discuss third-quarter earnings.

Gerdau, the largest steelmaker in the Americas, beat third quarter profit estimates after rising sales volumes and cost controls in Brazil offset the impact of declining margins in North America, Europe and India.

Source – Reuters

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