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Gerdau: Why Investors Should Avoid This Brazilian Steelmaker

2015-06-26 17:41:04| Steel - Topix.net

Brazil is in the midst of a recession and its economy will contract this year, leading to a drop in steel consumption, which will ultimately hurt GGB's sales. The increasing usage of aluminum in the auto industry in North America will reduce GGB's addressable market, posing another challenge for the company.

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