U.S. steel demand to grow in Q4: Gerdau
Sao Paulo, Oct 31 (Argus) — Data center construction and investments in solar-related projects will support U.
S. steel demand in the fourth quarter and into 2026, according to Brazilian steel producer Gerdau. Gerdau also expects the steel market to expand due to rising prices and stable scrap metal costs. Strong defensive measures continue to support the US market, according to a statement released on Friday. The U.
S. section currently imposes 232 tariffs of 50 percent on steel and aluminum imports, which favorably affects the company's domestic production. Preliminary anti-dumping decisions regarding rebar imports have also helped reduce import volumes and stabilize local supplies, Gerdau said. Gerdau's revenue for the third quarter in North America increased by 11% due to increased sales in the United States. Revenue in the region amounted to half of 18 billion rubles (3.2 billion dollars) for the quarter. The company's North American operations include plants in Canada, Mexico, and the United States, the latter of which is the most reliable. Gerdau produces special and long-range products in the region. Steel production in North America increased by 11.6% more than a year earlier, to 1.35 million tons. Sales increased to 1.29 million tons compared to 1.17 million tons year-on-year. Sales of secondary products increased by 47% compared to the same period last year and reached a record 76,000 tons in the third quarter. The company's backlog of orders in the North Currently stands at about 70 days in America, which is higher than the historical average of 60 days. Author: Isabel Filgueiras Send comments and request additional information at: [email protected] Copyright © 2025. Argus Media group. All rights ...
