Gerdau

Pedro Galdi of Sao Paulo-based SLW Corretora said the proposed buyout of minority shareholdings in Ameristeel will allow Gerdau, which is classed investment grade, to obtain financing at more competitive rates for future developments at Ameristeel, which idled some of its installations during the economic crisis.

Gerdau Eyes Lower Costs With Bid to Buy Out Ameristeel Diana Kinch 2010

This proved crucial in contesting global corporations such as Gerdau, the 14th largest steelmaker in the world, with 45,000 employees, more than 300 industrial and commercial facilities in 14 countries including Argentina, Brazil, Canada, the U.S.,

Leo W. Gerard: Unions Battle New Age Robber Barons 2008

Gerdau's recent raising of 4.98 billion Brazilian reais $3.15 billion in a share sale, which was completed earlier this month, will meanwhile ensure continuity of investments at the company and be used to repay debt, the executive added.

Brazil's Gerdau Plans New Business Model in Iron Ore Diana Kinch 2011

Gerdau has "reasonable prospects" of deciding what kind of company or model to set up within six months, he said.

Brazil's Gerdau Plans New Business Model in Iron Ore Diana Kinch 2011

Investment funds and foreign investors were the biggest participants in the sale of ordinary and preferred shares, Gerdau said in a statement at the time.

Brazil's Gerdau Plans New Business Model in Iron Ore Diana Kinch 2011

Gerdau may continue to expand its existing high-grade iron-ore resources base via the purchase of other deposits, Schirmer said.

Brazil's Gerdau Plans New Business Model in Iron Ore Diana Kinch 2011

The model could include an initial public offering, advance-payment contracts for iron ore shipped to third parties or a partnership to develop the reserves, Osvaldo Schirmer , Gerdau's vice president, finances, said during the Rio Investors' Day meeting in Rio de Janeiro.

Brazil's Gerdau Plans New Business Model in Iron Ore Diana Kinch 2011

Gerdau said in March it had virtually doubled its iron-ore resources to three billion metric tons in Minas Gerais state, southeast Brazil, and in the future may be able to sell iron ore to third parties after satisfying its own needs.

Brazil's Gerdau Plans New Business Model in Iron Ore Diana Kinch 2011

RIO DE JANEIRO—Latin America's biggest steelmaker, Gerdau SA, plans to establish a new business model to exploit its iron-ore reserves in Brazil, a company executive said Tuesday.

Brazil's Gerdau Plans New Business Model in Iron Ore Diana Kinch 2011

Next year the company will reach self-sufficiency in iron ore, with output of around 7.5 million tons a year, which is sufficient for the total iron-ore needs of Gerdau's nearby integrated Acominas steelworks at Ouro Branco.

Brazil's Gerdau Plans New Business Model in Iron Ore Diana Kinch 2011