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Gerdau in the spotlight over Divinópolis plant closure and earnings

Original: gerdau

Gerdau is drawing attention in Brazil on two fronts. The mayor of Divinópolis, Janete, travelled to São Paulo to meet Gerdau CEO Gustavo Werneck and discuss alternatives to the company's planned closure of its plant in the city, a move with significant local job implications. At the same time, investors are following the company's third-quarter results, with analysts noting the US profit margin passed their test, and Gerdau shares are among those to watch this Tuesday.

Why now: The planned closure of the Divinópolis plant and the release of quarterly results put Gerdau in both local and financial news at once.

GerdauGustavo WerneckJaneteDivinópolisInfoMoney

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