Gerdau considers its current portfolio of assets in the United States and Canada to be "adequate" following the divestments in January of some of its US rebar production units, a wire rod mill and two downstream facilities, it has said.
"We reached a point where we consider our portfolio [in North America] adequate, and from now on we will draft our growth strategy," Gerdau chief finance officer Harley Scardoelli told analysts during a conference call on Wednesday February 28.At the beginning of the year,...