Latest Gerdau Stories

NAPERVILLE, Ill., April 21, 2011 /PRNewswire/ -- Nalco (NYSE: NLC), providing essential expertise for water, energy and air, has helped Gallatin Steel's mini-mill in Ghent, KY, sharply reduce its water and energy use while also cutting greenhouse gases and solid waste disposal. (Logo: http://photos.prnewswire.com/prnh/20101231/NALCOLOGO) The Gallatin mill, a major recycler of scrap metal, makes rolled steel that is used in the pipe and tube industry, construction, transportation and other...

SAO PAULO, April 13, 2011 /PRNewswire/ -- GERDAU S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) (the "Company") announced today that it has priced its global offering of 68,026,910 common and 203,830,100 preferred shares (not including any exercise of the underwriters' over-allotment option), including preferred shares in the form of American depositary shares ("ADSs"). The common shares are being offered to the public in Brazil at a price R$15.60 per share, and the preferred shares are...

DETROIT, April 6, 2011 /PRNewswire/ -- The Steel Market Development Institute's (SMDI) Bar Applications Group (BAG) released an updated version of the Bar Steel Products Manual today, offering cost and time savings to steel manufacturers and customers. The manual provides concise information pertaining to the manufacturing processes, product characteristics and uses of bar, rod and wire steels. "The updated manual will help guide materials engineers in the application of high-quality bar...

DETROIT, April 5, 2011 /PRNewswire/ -- Surface finish research results will provide updated information to help mechanical engineers design forged steel vehicle parts that are lightweight and cost efficient, according to Dr. Ali Fatemi from the University of Toledo, Ohio. Working in partnership with the Steel Market Development Institute's (SMDI) Long Products Market Development Group (LPMDG), Fatemi presented results of a surface finish study today at the Forging Industry Association's...

RIO DE JANEIRO, March 21, 2011 /PRNewswire/ -- GERDAU S.A. (Bovespa: GGBR4, NYSE: GGB, Latibex: XGGB) (the "Company") announces that, subject to market conditions and receipt of final approval from the Brazilian securities regulator (Comissao de Valores Mobiliarios), it plans to launch a global offering of up to 68,026,910 common and 203,830,100 preferred shares (not including any exercise of the underwriters' over-allotment option), including preferred shares in the form of American...

PORTO ALEGRE, Brazil, March 3, 2011 /PRNewswire/ -- Gerdau S.A. reports fourth quarter 2010 results. 2010 Highlights Shipments totaled 17.4 million tonnes in 2010, a growth of 24% in relation to 2009, benefiting from the favorable scenario in the world auto industry, as well from the construction and manufacturing industries in Brazil. In the 4Q10 shipments totaled 4.5 million tonnes. In 2010, consolidated net sales reached R$ 31.4 billion, which was 18% higher than in 2009, driven by the...

PORTO ALEGRE, Brazil, Sept. 15 /PRNewswire-FirstCall/ -- Gerdau S.A. (NYSE: GGB) announces that its wholly-owned subsidiary, Gerdau Ameristeel, has entered into a definitive agreement with Ameron International, Tokyo Steel and Mitsui & Co. (U.S.A.), Inc. to acquire all the issued and outstanding shares of TAMCO, a California corporation. Additional Information To access this document, please click on...

TAMPA, FL, Aug. 30 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (TSX: GNA, NYSE: GNA) and Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) announced the completion today of the acquisition of Gerdau Ameristeel by way of a plan of arrangement (the "Arrangement"). Pursuant to the Arrangement, Gerdau S.A. acquired all of the issued and outstanding common shares of Gerdau Ameristeel not already owned, directly or indirectly, by it for US$11.00 in cash per share. Any questions or...

TAMPA, FL, Aug. 27 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (TSX: GNA, NYSE: GNA) and Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) announced today that the Ontario Superior Court of Justice has issued a final order approving the previously announced plan of arrangement (the "Arrangement") involving, among other things, the acquisition by Gerdau S.A. of all of the issued and outstanding common shares of Gerdau Ameristeel not already owned, directly or indirectly, by it...

TORONTO, Aug. 24 /PRNewswire-FirstCall/ - Gerdau Ameristeel Corporation (TSX: GNA, NYSE: GNA) and Gerdau S.A. (Bovespa: GGBR, NYSE: GGB, Latibex: XGGB) announced today that Gerdau Ameristeel's shareholders passed a special resolution to approve an arrangement under the Canada Business Corporations Act involving, among other things, the acquisition by Gerdau S.A. of all of the issued and outstanding common shares of Gerdau Ameristeel not already owned, directly or indirectly, by it for...