Reported 1 day ago
LGT Group has expanded its investment in Gerdau S.A. (NYSE:GGB) by acquiring 124,590 shares for $354,000, as revealed in a recent SEC filing. Analysts highlight Gerdau's strong performance in the U.S. market and its operational diversification as significant advantages that mitigate steel cycle risks and Brazilian market challenges. The company anticipates cost reductions and margin recovery in the coming quarter, reinforcing its position as a leading steel producer.
Source: YAHOO