Steel Products
Gerdau Announces New President of NA Long Steel
Written by Sandy Williams
April 24, 2018
Gerdau announced the appointment of Chia Wang to President of its North American long steel operation, effective April 24. Wang, currently Supply Chain Vice-President in North America, will succeed the CEO of Gerdau, Gustavo Werneck, who served as interim president for the last three months.
A 30-year veteran at Gerdau, Wang has held positions in Brazil, Canada, China and the U.S. Wang received a Metallurgical Engineering degree at Universidade Federal do Rio Grande do Sul (UFRGS – Brazil) and executive education courses at Harvard Business School.
“It is a great honor to lead the operation I have been serving for the last years. Gerdau has a great team and I am confident that we can build a path for the company’s growth in North America, one of our most relevant markets,” said Wang.
The long steel North American operation is responsible for 40 percent of the company’s consolidated net sales and 18 percent of its EBITDA.
{loadposition reserved_message}
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
U.S. Steel to halt slab conversion at Granite City Works
U.S. Steel said it plans to reduce slab consumption at its Granite City Works near St. Louis, a company spokesperson said on Monday. The Pittsburgh-based steelmaker will shift the production and processing of steel slabs to its Mon Valley Works near Pittsburgh and its Gary Works near Chicago. Citing a United Steelworkers (USW) union memo, […]
SMU Week in Review: September 1-5
Here are highlights of what’s happened this past week and a few upcoming things to keep an eye on.
HR Futures: Market finds footing on supply-side mechanics
As Labor Day marks the transition into fall, the steel market enters September with a similar sense of change. Supply-side fundamentals are beginning to show signs of restraint: imports are limited, outages loom, and production is capped, setting the stage for a market that feels steady on the surface but still unsettled underneath.
Beige Book: US markets remain cautious amidst volatile pricing environment
Sluggish economic activity across the US was largely attributed to uncertainty caused by tariff policies and growing cost pressures, according to the US Federal Reserve’s (The Fed) latest Beige Book report. The Fed’s latest economic report, posted on Sept. 3, consists of economic findings from the six weeks preceding Aug. 25 throughout 12 districts. Economic […]