Gerdau freezes price increase attempts in Brazil amid low demand, analysts say

Gerdau has halted price increase attempts in Brazil amid market weakness because of the Covid-19 pandemic, according to a report by local investment bank Ita?? BBA from Sunday March 29.

The company mainly produces long steel in the country, although it also makes some hot-rolled coil and heavy plate at its Ouro Branco mill in the south-eastern state of Minas Gerais.
Domestic prices are currently at a 10% discount, or more, over imports after duties, taxes and overall costs, chief financial officer Harley Scardoelli and investor relations manager Rodrigo Maia told Ita?? BBA analysts in a meeting.

"The main challenge comes from low utilization rates seen across the Brazilian steel...

Another 'Bubble Check' for the gold sector

Gold stocks continue to hit new highs

Some mining stocks exposed to Burkina Faso take major hit

Gold stocks again hit new highs

Gold stocks reach new highs on metal price gain