According to the disclosed data, Gerdau’s total revenue decreased by 3.8% year-on-year in the first quarter. Steel shipments also declined by 1.6%, falling from 2.858 million metric tons in the first quarter of 2025 to 2.811 million metric tons.
In the “message from management” section, the company stated that the first quarter was marked by a volatile and challenging environment due to geopolitical developments affecting commodity markets and global supply chains.
Gerdau noted that its North American operations delivered strong performance. Steel shipments in North America increased by 3.8% year-on-year in the first quarter, while production in the region rose by 8.4%. It was also reported that production increased by 11% compared to the previous quarter, supported by resilient demand for long steel products in the United States.
The company attributed the growth in its U.S. operations to increased demand from non-residential construction and renewable energy sectors, inventory restocking across distribution channels, and a rise in order backlog. It was also noted that tariff measures under Section 232 provided support to domestic producers.
Despite an overall decline in global shipments, a more favorable pricing environment in the North American market supported operational performance.
On the other hand, operations in Brazil showed a weaker outlook. The company reported pressure in the domestic market due to rising import levels, intensified competition—particularly in flat steel—and seasonal factors. As a result, Gerdau’s shipments in Brazil declined by 7.5% year-on-year in the first quarter.
Meanwhile, within its South America business unit, operations in Argentina, Peru, and Uruguay recorded shipment increases, albeit at relatively lower volumes.
Comments
No comment yet.