Steel Products
Executive Changes for Gerdau North America Division
Written by Sandy Williams
January 23, 2018
Gerdau is making changes in its North American leadership. Peter Campo, president of the North American long steel division, will leave the company effective Jan. 23. Gerdau CEO Gustavo Werneck will lead operations until a new leader for the division is selected.
“The recent change in our business portfolio in North America demanded a shift in leadership to sharpen the focus on profitability and, at the same time, seek innovative ways to better serve our customers,” said Werneck. “We are committed to improve our performance in North America, where Gerdau is one of the largest long steel producers, and to build a successful path for our future.”
“Peter Campo has been a valuable member of our company for the last nine years, and played an important role in our transformation,” said Werneck. “On behalf of the company and our employees, I thank Peter for his significant contributions and wish him the best in his future endeavors.”
{loadposition reserved_message}
Gerdau announced earlier this month that it will sell its rebar operations in the U.S. to Commercial Metals Co. The $600 million agreement includes the sale of mills in Jacksonville, Fla.; Knoxville, Tenn.; Rancho Cucamonga, Calif.; and Sayreville, N.J.; as well as rebar fabrication facilities in the United States. The mills have a combined capacity of approximately 2.5 million short tons. The sale is expected to close by the end of 2018.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Tariffs, ample domestic supply cause importers to shift or cancel HR import orders
Subdued demand is causing importers to cancel hot-rolled (HR) coil orders and renegotiate the terms of shipments currently enroute to the US, importers say. An executive for a large overseas mill said customers might find it difficult to justify making imports buys after US President Donald Trump doubled the 25% Section 232 tariff on imported steel […]
Drilling activity slows in the US, grows in Canada
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US totals slipped for a sixth straight week, while Canada saw a slight bump in activity.
Commerce finds no Korean OCTG shipments below market value
US Department of Commerce (Commerce) review found no South Korean oil country tubular goods (OCTG) exporters or producers sold products below market value
Drilling activity slows further in US and Canada
Oil and gas drilling activity declined again this week in both the US and Canada, according to Baker Hughes.
SMU Community Chat: Zekelman calls for more support for steel consumers
“Unless the administration actually gets serious about levelling the playing field… for consumers of steel, then everything they've done on the steel side is useless."