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    CRU

    February 24, 2025

    CRU: Gerdau may opt to invest in US instead of Mexico amid tariff shake up

    Written by CRU Group

    Brazilian longs producer Gerdau is now considering siting a 600,000 short ton per year specialty steel plant in the United States, rather than Mexico as initially planned, in the wake of President Donald Trump’s imposition of 25% tariffs on steel imports into the US.

    The company had expected to make a final investment decision on a project costing $500-600 million by the end of 2024 and start building this year. The decision is now postponed until July.

    CRU Group

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