Industry News

Brazil steelmaker Gerdau Q3 net profit slips on cost pressures

Update time : 2022-11-09 21:09:44

Brazilian steelmaker Gerdau SA (GGBR4.SA) on Wednesday reported that its quarterly adjusted net profit fell by about a third on a yearly basis, as lower global steel prices and rising input costs take their toll on the industry.

Reporting by Gabriel Araujo; Editing by Steven Grattan

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