Net income for Gerdau S.A. rises 144 percent in 2010

Friday, 04 March 2011

Brazil-based Gerdau S.A. announced Thursday a net income of R$420 million (US$254.7 million) in Q4 2010, and R$2.5 billion (US$1.5 billion) for the whole of 2010, an increase of 144 percent from the R$1 billion (US$600 million) net income the company recorded in 2009.

In Q4 2010 Gerdau shipped 4.5 million metric tons (mt) of steel, and a total of 17.4 million mt in 2010, a 24 percent increase compared to 2009 shipments due to improvement in the world auto industries, as well as the expanding construction and manufacturing industries in Brazil.

Brazil saw increases in crude steel production and steel export levels in January

Monday, 21 February 2011

According to a Friday statement from the Brazilian Steel Institute (IABr), Brazilian steelmakers produced 2.8 million metric tons of crude steel in January, an increase of 3.8 percent year-on-year, and 16.2 percent month-on-month.

Product-specific results showed that flat rolled steel output totaled 2.1 million tons, reflecting an increase of 0.4 percent from January 2010, and a 15.4 percent increase from December 2010, when many Brazilian mills reduced output in response to a rise in steel import levels and difficulty securing coal supplies.

In fact, January steel imports were 10.6 percent lower year-on-year, at 343,600 tons, due to rising international steel prices. However, export levels increased to 1.1 million tons, a 60 percent increase from January 2010. As for sales, domestic steel products sales increased 4.5 percent year-on-year in January, to 1.7 million tons, which also reflected an 11.4 percent increase from the prior month.

(sourced:steelorbis)
Tags: hrc , crude steel , crc , raw mat , flats , Brazil , South America , steelmaking , production , imp/exp statistics , Hot Rolled Coil , Cold Rolled Coil

January Brazil Steel Output Up 3.8% To 2.8 Million Tons From Year Ago -IABr

Friday,18 February 2011 08:17pm

RIO DE JANEIRO -(Dow Jones)- Brazilian steelmakers produced 2.8 million metric tons of crude steel in January, 3.8% higher than in the same month of 2010, the Brazilian Steel Institute, or IABr, said in a statement Friday. January's output was 16.2% higher than in December, IABr said.

Rolled products steel output rose 0.4% from a year ago to 2.1 million tons. This was 15.4% higher than in December, when some Brazilian steel mills reduced output due to coal supply difficulties and high steel import levels.

Domestic steel product sales rose to 1.7 million tons in January, up 4.5% from the same 2010 period and 11.4% over December levels, IABr said.

Steel products imports fell to 343,600 tons in January, 10.6% lower than in January 2010, as international steel prices rose, boosting the cost of imported products.

Export volumes meanwhile grew to 1.1 million tons, 60% higher than a year ago, IABr said.
(sourced:Dow Jones)