Rafael Marcellus's questions to Gerdau SA (GGB) leadership • Q2 2025
Question
Rafael Marcellus sought clarity on Gerdau's rebar strategy and competitive positioning in Brazil. He also asked about demand and pricing for structurals and merchants, and inquired about the company's minimum required maintenance CapEx level.
Answer
CFO Rafael Japur reiterated Gerdau's commitment to defending its market share in long steel, citing its strong cost position. He noted that while the market for structurals and merchants is currently stable, it faces risks from tariffs impacting the manufacturing industry. He clarified that the planned CapEx reduction is a strategic choice, and essential maintenance investments will continue.