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Gerdau SA ( (GGB) ) has issued an announcement.
On February 10, 2025, Gerdau S.A. completed the acquisition of the remaining shares of Gerdau Summit Aços Fundidos e Forjados S.A., obtaining full ownership by purchasing shares from Sumitomo Corporation and The Japan Steel Works Ltd. This strategic move could strengthen Gerdau’s position in the steel industry, potentially enhancing its market presence and operational capabilities.
More about Gerdau SA
Gerdau S.A. operates in the steel industry, focusing on producing long steel and special steel products. The company serves various markets including construction, automotive, and industrial sectors, with a strong presence in the Americas.
YTD Price Performance: -1.04%
Average Trading Volume: 9,436,806
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.76B
For detailed information about GGB stock, go to TipRanks’ Stock Analysis page.
