The higher demand for long and special steel in Brazil and the recovery of some Latin American markets coupled with the offer of an enhanced mix of products and the devaluation of the Brazilian currency against the U.S. dollar increased Gerdau’s net revenue to USD 4.8B in the third quarter of 2013. This is an increase of 6.9% over the same period last year. In the third quarter, Gerdau’s sales volume was 4.8M tons, while the consolidated steel production was 4.5M tons, a 5.1% decrease over the same period in 2012.
Gerdau’s EBITDA increased 36.8% in the third quarter, reaching USD 0.64B. The company’s net profit was USD 294M as compared to USD 187M over the same period last year. Investments in property, plant, and, equipment (CAPEX) reached USD 327.7M in the third quarter and USD 0.87B in the first nine months of 2013.
