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Brazil steelmaker Gerdau holds 2017 investment target
2017年11月8日 / 下午2点35分 / 14 天前

Brazil steelmaker Gerdau holds 2017 investment target

SAO PAULO, Nov 8 (Reuters) - Brazilian steelmaker Gerdau SA still aims to invest around 1.3 billion reais ($400 million) this year, Chief Executive André Gerdau Johannpeter said on Wednesday, suggesting a surge in fourth-quarter capital spending.

“We still have investments to make at the end of the year,” he told journalists on a conference call. Gerdau invested just 602 million reais in the first nine months of 2017, according to its third-quarter earnings release on Wednesday.

$1 = 3.25 reais Reporting by Alberto Alerigi Jr.; Editing by Chizu Nomiyama

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