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
CRU: EC to toughen steel safeguards
The European Commission proposes cutting its steel import quota by almost half, with volumes exceeding the limit facing 50% duties. The region’s steel industry welcomes the move, while other steel-producing nations fear the consequences. CRU published an insight before this announcement, noting that more restrictive trade policy could significantly raise the cost of marginal supply […]
US and Canadian rig counts stabilize
US counts continue to hover just above historic lows, while Canadian figures remain comparatively healthy.
Plate market sources critique mill hikes amid current market conditions
Following spot market plate price increase notices issued by domestic mills this past week, participants are contemplating the rationale behind the increases and whether they will stick. Some sources anticipate that current market conditions will shift in November and believe the increases may set a new "pricing floor."
Oregon Steel Mills lifts plate prices by $60/ton
Oregon Steel Mills has joined other producers in announcing a price increase of at least $60 per short ton on steel plate.
CRU: Construction of pilot plant for green steel process starts
Voestalpine and partners have begun building an industrial-scale Hy4Smelt demonstration plant in Linz, Austria, which they hope will become key in the decarbonization of steel.