2024-05-11
Gerdau indicated that in the first quarter, its crude steel production in North America decreased by 2.8%. However, its special steel business output increased by 3.3%, which was driven by automobile production in Brazil.
According to the company's financial vice president, Rafael Japur, the Mexican market for special steel consumes 1.2 million tons per year, of which 70% is currently supplied through imports.
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