Sign in

    Marcelo Haze

    Research Analyst at BTG Pactual

    Marcelo Haze is an Analyst at BTG Pactual, specializing in financial market analysis within the firm’s core investment banking and asset management sectors. He is recognized for covering key Latin American companies and playing a significant role in the firm's research division, though precise company coverage and return metrics are not publicly available. Haze has spent nearly his entire professional career at BTG Pactual, contributing for over 15 years with a brief tenure on the energy trading desk, and is noted among the firm’s long-serving associates. His professional credentials and FINRA or licensing details are not available through current public records.

    Marcelo Haze's questions to NATIONAL STEEL (SID) leadership

    Marcelo Haze's questions to NATIONAL STEEL (SID) leadership • Q1 2025

    Question

    Marcelo Haze from BTG Pactual asked for visibility on potential steel capacity cuts in China and their midterm impact, and questioned whether expected margin improvements would be driven by price or demand.

    Answer

    An executive expressed cautious optimism that rumored Chinese production cuts could significantly improve market dynamics and aid margin recovery. For the cement segment, he noted a recent 3% price increase and strong demand. Executive Edvaldo Rabelo added that despite Q1 cost pressures, the company expects to recover prices and is targeting a cement EBITDA margin above 30% in the coming months.

    Ask Fintool Equity Research AI