Gustavo Werneck, president of Gerdau, said: "Some fundamentals of the US economy remain very strong, for example the labor market is still very hot and his company is struggling to fill open positions.
Gerdau US Unit expected the slowdown in US activities to be mitigated by the investment packages announced by the Joe Biden government.
On the other hand, Gerdau Brazil unit expects a slight increase in steel demand in the country until 2023.
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