9,659.48 TRY BIST 100 BIST 100
40.78 EUR EUR EUR
37.83 USD USD USD
5.24 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
46.25 TRY Interest Interest
74.48 USD Fossil Oil Fossil Oil
34.28 USD Silver Silver
5.09 USD Copper Copper
102.21 USD Iron Ore Iron Ore
356.00 USD Shipbreaking Scrap Shipbreaking Scrap
3,803.99 TRY Gold (gr) Gold (gr)

Gerdau increases investment in digital and innovative technologies

Gerdau, Brazil's largest steel producer, is significantly increasing its investments in digital and innovative technologies.

Gerdau increases investment in digital and innovative technologies

The company is restructuring its production processes and launching projects focused on technological upgrades, increased digitalization, efficiency improvement and cost reduction. This investment is deemed necessary due to the challenges related to excessive steel imports, especially from China.

Gerdau's new strategy includes establishing partnerships with startups, implementing new technologies for rolling and storage, automating processes and setting up dedicated mobile networks to connect equipment more effectively. In the first quarter of 2024, Gerdau allocated about $165 million for these initiatives, a 10.1% decrease from the previous year. The company plans to invest around $1.44 billion in similar developments through 2026.

In addition, Gerdau has decided to expand and modernize its production capacities both locally and internationally. It is using the recent steel import duties imposed by the Brazilian government as a strategic advantage. A key part of the technology push includes the expansion of dedicated 4G and 5G networks at the Ouro Branco plant.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Russian billet prices increased in March

Wednesday, April 2, 2025

Kıraç Galvaniz sold solar mounting system for the SPP project in Romania

Wednesday, April 2, 2025

Leyen warns of new tariffs against the US

Wednesday, April 2, 2025

Trump’s Tariffs Took a Toll on American Manufacturers’ Finances

Friday, March 28, 2025

ArcelorMittal Industeel and EDF Renewables announced the construction of a solar plant in France

Friday, March 28, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now