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Gerdau wins Raw Materials Provider of the Year award<p><span style="font-family&#58;arial, sans-serif;"><font size="3"><font color="#000000"></font></font></span></p><p>Gerdau has been recognized as the 2017 Raw Materials/Consumables Provider of the Year.&#160;</p><p>The award was presented Tuesday, June 27, as part of the American Metal Market (AMM) Awards for Steel Excellence ceremony. Peter Campo, president of Gerdau Long Steel North America, accepted the award&#160;on behalf of Gerdau.<br></p><p>Gerdau was recognized for the company's installation of a new state-of-the-art non-ferrous scrap separation system at its Jackson, Tennessee facility. The separation system sorts and extracts stainless steel, copper, aluminum and other non-ferrous materials not used in the manufacture of steel, reducing the amount of material going to a landfill. The $20 million capital improvement project added 30 new jobs at the facility. Successful completion of the project required the active involvement of all departments.<br></p><p>&quot;It is a tremendous honor for Gerdau to win this award, as it reflects both our teamwork and our commitment to innovate and invest in value-based strategies. We will continue to focus on initiatives that improve our efficiency and ability to provide expanded services to our customers,&quot; said Campo.</p><p>The Jackson mill has received positive feedback from customers regarding product quality, consistency and cleanliness.</p><p>The AMM Awards for Steel Excellence are among the most prestigious and recognizable in the global steel industry. They recognize world-class innovation and excellence throughout the steel industry supply chain.&#160;<br></p><font color="#000000" face="Times New Roman" size="3"> </font>https://www.gerdau.com/northamerica6/28/2017 6:50:36 PM6/28/2017 6:50:36 PM
Victory for U.S. steel producers: foreign imports unfairly traded<p>WASHINGTON, DC<em>&#160;</em>— In a victory for U.S. steel producers, the U.S. International Trade Commission (ITC) made affirmative final determinations Friday, June 16,&#160;in the antidumping (AD) and countervailing duty (CVD) investigations on steel concrete reinforcing bar (rebar) from Japan and Turkey.&#160;The ITC found U.S. rebar producers have been materially injured by unfairly traded imports of rebar from these countries, paving the way for the imposition of AD/CVD orders. All five Commissioners participating in the case voted in favor of the domestic industry.&#160; </p><p>The ITC determination follows a September 2016 petition filed by the Rebar Trade Action Coalition (RTAC), alleging that unfairly dumped rebar from Japan, Taiwan and Turkey and subsidized rebar from Turkey is injuring the U.S. industry and threatening the industry with additional injury. The members of RTAC include Byer Steel Group, Inc., Commercial Metals Company, Gerdau Ameristeel U.S. Inc., Nucor Corporation and Steel Dynamics, Inc.</p><p style="text-align&#58;justify;">&quot;The ITC's findings are a critical step toward restoring fair trade to the U.S. steel market and providing important relief to U.S. producers of rebar,&quot; said Alan Price, chair of Wiley Rein's International Trade Practice and counsel to RTAC. &#160;&quot;We welcome the final decision and commend the ITC and the Commerce Department for their hard work on these cases.&quot;&#160; </p><p style="text-align&#58;justify;">&quot;This decision confirms that the U.S. steel industry and its workers have been devastated by unfairly traded rebar imports from Japan and Turkey,&quot; Price said. &quot;With today's decision, the Commission is stating that foreign countries and producers that do not abide by the rules of international trade will be held accountable.&#160;We look forward to a similar determination on rebar imports from Taiwan in July.&quot; </p><p style="text-align&#58;justify;">Price further noted, &quot;while this is an important result, it is far from the only step necessary to address the steel import crisis affecting the domestic rebar industry.&#160;We urge the President to provide comprehensive relief in the steel Section 232 proceeding to address fully the national security implications caused by massive global excess capacity.&quot;</p><p style="text-align&#58;justify;">Prior to today's ITC vote, the Commerce Department determined that producers in the subject countries were dumping rebar into the United States at the following margins&#58; Japan (206.43% – 209.46%) and Turkey (5.39% - 8.17%).&#160;AD orders will be issued, imposing duties at these levels. In addition, Commerce found that a rebar producer in Turkey, the only country of the three that was also subject to a CVD investigation, was being unfairly subsidized at a rate of 15.99%. &#160;Commerce's final determination in the Taiwan AD investigation will be issued next month, and the ITC will then vote in the Taiwan investigation.&#160; </p><p style="text-align&#58;justify;">In 2014, the ITC also made affirmative final injury determinations in cases on rebar from Mexico and certain other producers in Turkey.&#160; </p>https://www.gerdau.com/northamerica6/16/2017 4:50:01 PM6/16/2017 4:50:01 PM
Gerdau Knoxville steel mill donates bikes, hosts charity golf tournament<p><span class="ms-rteFontSize-2" style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000">KNOXVILLE, TENNESSEE May 30, 2017 – Employees at Gerdau’s Knoxville, Tennessee steel mill have been busy in the community this May. </font></span></p><p><span class="ms-rteFontSize-2"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"></span><span style="background&#58;white;font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000">Gerdau Knoxville presented new bicycles and helmets to 12 Lonsdale Elementary School students in recognition of best attendance during the 2016-17 school year. </font></span><span style="color&#58;black;font-family&#58;&quot;arial&quot;,sans-serif;">The presentation marked the sixth year the Knoxville steel mill has rewarded the school’s students with the best attendance. </span></span></p><p><span class="ms-rteFontSize-2"><span style="color&#58;black;font-family&#58;&quot;arial&quot;,sans-serif;"></span><span style="color&#58;black;font-family&#58;&quot;arial&quot;,sans-serif;">Gerdau presented the bikes and helmets to kindergartners James Harelimana and Aida Geronimo-Miguel; first-graders Eulalia Lorenzo-Francisco and Juan Pascual-Pablo; second-graders Ariana Thomas and Jaqueline Martines; third-graders Juan Pedro-Pascual and Berenize Dominguez; fourth-graders Moses Richardson and Chaddy Ombeni; and fifth-graders Anthony Glenn and Karla Domingo-Domingo.</span></span></p><p><span style="color&#58;black;font-family&#58;&quot;arial&quot;,sans-serif;"></span><font color="#000000" face="Times New Roman" size="3"> </font><span class="ms-rteFontSize-2" style="color&#58;black;font-family&#58;&quot;arial&quot;,sans-serif;">“We appreciate our longtime partnership with Lonsdale Elementary School,” Johnny Miller, Gerdau Knoxville vice president and general manager, said. “These students earned these bikes and helmets with their commitment to education, and we want to reward their dedication and encourage them to enjoy a healthy and active lifestyle all summer long.”</span></p><p><span class="ms-rteFontSize-2"><span style="color&#58;black;font-family&#58;&quot;arial&quot;,sans-serif;"></span><span style="color&#58;black;font-family&#58;&quot;arial&quot;,sans-serif;">Wendy Hansard, principal at Lonsdale Elementary School, welcomed Gerdau’s support of the students.</span><font color="#000000" face="Times New Roman"> </font></span></p><p><span class="ms-rteFontSize-2"><font color="#000000" face="Times New Roman"> </font><span style="color&#58;black;font-family&#58;&quot;arial&quot;,sans-serif;">“Gerdau and Lonsdale Elementary School share a commitment to our children and this community,” Hansard said. “We are so grateful for Gerdau’s generosity and willingness to reward our children for their outstanding attendance this school year.”</span></span></p><p><span class="ms-rteFontSize-2"><span style="color&#58;black;font-family&#58;&quot;arial&quot;,sans-serif;"></span><span style="color&#58;black;font-family&#58;&quot;arial&quot;,sans-serif;">On May 23, Gerdau Knoxville held a golf tournament in memory of Arlan Piepho, former Gerdau Knoxville vice president and general manager.</span></span></p><p><span class="ms-rteFontSize-2"><span style="color&#58;black;font-family&#58;&quot;arial&quot;,sans-serif;"></span><font color="#000000" face="Times New Roman"> </font><span style="color&#58;black;font-family&#58;&quot;arial&quot;,sans-serif;">The tournament, in its fifth year, drew </span><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000">51 </font><span style="color&#58;black;">participants and raised $</span><font color="#000000">2,050</font><span style="color&#58;black;"> for research to find better treatments for primary amyloidosis, a rare disease that took Piepho’s life at age 63.</span></span></span></p><p><span class="ms-rteFontSize-2"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><span style="color&#58;black;"></span></span><span style="color&#58;black;font-family&#58;&quot;arial&quot;,sans-serif;">Funds raised will support the work of a research team led by Dr. Jonathan Wall, researcher and director of UT Medical Center’s Amyloidosis and Cancer Theranostics Program.</span><font color="#000000" face="Times New Roman"> </font></span></p><p><span class="ms-rteFontSize-2"><font color="#000000" face="Times New Roman"> </font><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000">“As always, these golf tournaments are a great time for our team to come together for a worthy cause,” </font><span style="color&#58;black;">Miller said. </span><font color="#000000">“We are honored to remember Arlan by supporting research that </font><span style="color&#58;black;">will benefit amyloidosis patients.”</span></span></span></p><p><span class="ms-rteFontSize-2"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><span style="color&#58;black;"></span></span><span style="color&#58;black;font-family&#58;&quot;arial&quot;,sans-serif;">Since Piepho’s death in 2011, Gerdau employees have raised nearly $</span><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000">10</font><span style="color&#58;black;">,000 to support amyloidosis research at UT Medical Center.</span></span><font color="#000000" face="Times New Roman"> </font></span></p>https://www.gerdau.com/northamerica5/30/2017 2:30:52 PM5/30/2017 2:30:52 PM
Virtual reality now used in Gerdau safety trainings<p>​<span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">May 30, 2017 – Virtual reality can be used for more than video games – it can be used to save lives</font></span><font color="#000000" face="Calibri" size="3">. </font><font color="#000000" face="Times New Roman" size="3"> </font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Gerdau has launched a virtual reality app, specifically designed for its operations, to be used in safety trainings. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Gerdau special steel is pioneering the beta testing for North America. Employees at the Fort Smith, Arkansas mill and the Monroe and Jackson, Michigan mills tried the app the week of World Safety Day, put on by WorldSteel Association, in April. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">“It is something different that catches the attention of all ages and is easy to use,” Leslie Hartford, a safety specialist at Gerdau Monroe, said. “I was able to take virtual reality goggles home the first weekend we had them. I had my 12-year-old daughter recognizing the hazards in the program.”</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font size="3"><font color="#000000">Users wear virtual reality goggles and use a cellphone app that puts the users into a real-life setting within a steel mill’s maintenance shop. Users can look around and identify dangerous scenarios, as well as rank the scenarios by severity. At the end, users get to see what they missed or what they ranked wrong. <span style="">&#160;</span></font></font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">“This is easier said than done because risk perception is different from person to person,” Clinton Johnson, a management systems facilitator at Gerdau Fort Smith, said. “Thus, good training is necessary, which the VR system can help get the whole team on the same page about what is considered a high severity and low severity near miss.”</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">The virtual reality goggles and controller are about $15, but the phone that was used – a Samsung Galaxy S5 -- runs about $200. If an app is developed for an iPhone in the future, company phones can be used to facilitate the training, as most of Gerdau’s facilitators and managers have company-issued iPhones.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">“I cannot imagine us not getting new apps in the future,” Britton Shaw, safety manager at Gerdau Fort Smith, said. “This type of training allows employees to navigate through hazardous area without exposing themselves to real hazards.”</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">At Fort Smith, about 18 employees beta tested the app, and in Monroe and Jackson about 100 employees per location beta tested the app.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font size="3"><font color="#000000">“<span style="">I like the technology and see application for other training materials,” Otto Alvarado, </span></font></font><font color="#000000" size="3">safety manager at the Gerdau Jackson,</font><span style=""><font color="#000000" size="3"> said. </font></span><font color="#000000" size="3">“The initiative supports Gerdau’s focus on innovation.”</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font>https://www.gerdau.com/northamerica5/30/2017 2:00:04 PM5/30/2017 2:00:04 PM
Gerdau employees rally together for Miles for Moffitt<p>​<strong>TAMPA, Fla. (May 10, 2017) </strong>— There's a distinct difference between running and jogging, according to Peter Campo. &quot;My wife is a runner. I'm a jogger,&quot; he says. </p><p>Campo, president of Gerdau Long Steel North America, has run in <a href="http&#58;//www.milesformoffitt.com/"><span style="text-decoration&#58;underline;">Miles for Moffitt</span></a> since he first came to his company's headquarters in Tampa in 2008, along with his wife, Julie. This year, Campo set a New Year's resolution to run 600 miles. Last year, he ran 500. Despite his goals, it is Julie who is the marathon athlete. &#160;</p><p>&quot;We run on weekends. She slows down for me,&quot; Campo says. </p><p>The Campos' don't do it only for the steps — they lost a child to cancer years ago. </p><p>&quot;Everybody knows somebody who has cancer or experienced a tragedy,&quot; Campo says. &quot;I'm not special. I have the ability to give something back, and, as Gerdau, we have a collective ability to give back in big ways.&quot;</p><p>On May 13, the couple will run the 12<sup>th</sup> annual Miles for Moffitt presented by AutoNation at the USF Sun Dome. There will be a 10K, 5K, 1-mile run/walk, wheelchair race and Kids Dash. Supporters can also participate as a virtual runner. All registration fees and donations will support cancer research at <a href="https&#58;//www.moffitt.org/"><span style="text-decoration&#58;underline;">Moffitt Cancer Center</span></a>. Since 2006, when Miles for Moffitt began, the event has raised more than $3.2 million to benefit finding a cure.&#160;&#160;</p><p>&quot;I have a soft spot for research and a soft spot for cancer research in particular,&quot; Campo says.</p><p>He has served on the <a href="https&#58;//www.moffitt.org/about-moffitt/moffitt-cancer-center-boards/foundation-board-of-directors/"><span style="text-decoration&#58;underline;">Moffitt Cancer Center Foundation Board</span></a> for over two years and is part of the research committee — a natural fit for this Caltech Ph.D. in chemical engineering.</p><p>Campo can identify with the scientists on the cancer research side, which helps him bridge the gap between the science and philanthropy. </p><p>&quot;My contribution is helping philanthropists understand what their money is going to. When you can make a connection to those who have the means to make a difference, it's powerful,&quot; he says.</p><p>Campo's philanthropy work aligns with those of Gerdau, a steel manufacturer with 18 mills in North America. Each year, Gerdau engages thousands of employees in company-sponsored volunteer activities. </p><p>In the past, Gerdau has come in second and third for the largest team at Miles for Moffitt. This year, Gerdau is a bib sponsor and wants to be the largest team. So far, 110 people have joined the Gerdau team and&#160;over $5,000 has&#160;been raised. </p><p>Campo describes the run as a sort of company picnic. </p><p>&quot;It's fun. It promotes wellness. It gets people out, and they mix with other people in the company they don't see every day,&quot; Campo says. </p>https://www.gerdau.com/northamerica5/9/2017 7:57:49 PM5/9/2017 7:57:49 PM
Gerdau reports 1Q17 earnings<p></p><p style="text-align&#58;left;"></p><ul><li>Adjusted EBITDA of R$853 million in the first three months of 2017. </li></ul><p style="text-align&#58;justify;">&#160;</p><ul><li>Reductions in selling, general and administrative (SG&amp;A) expenses of 32% year-on-year and 18% sequentially.</li></ul><p style="text-align&#58;justify;">&#160;</p><ul><li>Gerdau announces a joint venture in Colombia and continues to execute its strategy to focus on its more profitable assets, which led to divestments of R$441 million in 2017.</li></ul><p style="text-align&#58;justify;">&#160;</p><p style="text-align&#58;justify;">In the first three months of 2017, Gerdau posted net sales of R$8.5 billion, down 16% from the same period last year, reflecting the effects from exchange variation on the performance of the overseas units and the divestment of the units in Spain. Shipments of steel goods amounted to 3.6 million tonnes, down 7%&#160;from the year-ago period. Meanwhile, steel production fell by 3% to 4 million tonnes.</p><p style="text-align&#58;justify;">Adjusted consolidated cash generation (EBITDA) came to R$853 million, 8% lower than in the first quarter last year, reflecting the reduction in gross profit, which was partially neutralized by the R$205 million reduction in selling, general and administrative expenses. However, compared to the fourth quarter of 2016, consolidated and adjusted EBITDA increased 19%, led by the 47% growth at the Brazil Business Division (excludes the special steel units), which is explained by the better product mix and other factors. In the period from January to March, consolidated net income amounted to R$824 million. However, excluding non-recurring events, the Company recorded a consolidated and adjusted net loss of R$34 million, given the lower EBITDA in the period.</p><p style="text-align&#58;justify;">Gerdau's net result in the first quarter of 2017 were influenced by the non-recurring reversal of a provision accrued between 2009 and 2016 for contingencies related to the exclusion of ICMS tax from the calculation base of PIS and COFINS contributions. This reversal was based on the conclusion of the trial by the Federal Supreme Court (STF) sitting the bank, which declared unconstitutional the inclusion of ICMS tax in said calculation base, and is supported by the position of the Company's legal counsel that the probability of loss in the pending lawsuits became remote after the decision by the STF. Therefore, the net effect from this reversal and from the other provisions on the Company's net result in the quarter was R$858 million.</p><p style="text-align&#58;justify;">Gerdau emphasizes, however, that there is a possibility the STF may understand that the application of the modulation mechanism necessarily applies to this decision, which is used to determine the time effects of a decision to declare unconstitutionality. If the STF applies the modulation mechanism, which would limit the effects of the decision in terms of time, the need may arise to reassess the risk of loss associated with said lawsuits, which consequently may require the accrual of new provisions related to this matter in the future.</p><p style="text-align&#58;justify;">&quot;Gerdau's performance in the first quarter, excluding non-recurring items, reflects the challenging moment the world steel industry has been facing, marked in particular by overcapacity and unfair trade practices in the global market. In Brazil, we expect steel demand to recover gradually, starting in the second half of 2017. In North America, the strong inflow of imported steel goods continues to weigh on industry profitability, but the prospects for market growth are good. Our priorities for 2017 remain generating free cash flow, greater selectivity in CAPEX investments, reducing our debt indicators and the strategy to focus on our more profitable assets. This year, we formed a joint venture in Colombia and divested assets worth R$441 million,&quot; said André Gerdau Johannpeter.</p><p style="text-align&#58;justify;">Over the course of the quarter, the markets served by Gerdau presented distinct performances. In Brazil, shipments to the domestic market (excludes the special steel units) decreased 4% from the same quarter last year to 863,000 tonnes, due to weaker activity in the construction industry. This reduction was partially offset by higher shipments of flat steel goods, which is consistent with the Company's strategy to diversify its product portfolio. Flat steel shipments in the first quarter of 2017 accounted for 28% of total shipments in the domestic market. During the period, the fewer opportunities in international markets led Gerdau's export volume to decrease by 22% to 412,000 tonnes.</p><p style="text-align&#58;justify;">The operations in Canada, the United States and Mexico (excluding the special steel mills) shipped 1.6 million tonnes in the first three months of 2017, or 3% more than in the same period last year, driven by improvement in the non-residential construction and manufacturing industries. Meanwhile, the units in South America (excluding Brazil) shipped 489,000 tonnes, 3% less than in the first three months of 2016. Shipments by the Special Steel Business Division (includes the mills in Brazil, the United States and India) came to 441,000 tonnes, down 30% on the first quarter of 2016, due to the divestment of the units in Spain.</p><p style="text-align&#58;center;">&#160;<strong>Announcement of joint venture in Colombia and divestments of R$441 million in 2017</strong></p><p style="text-align&#58;justify;">In 2017, Gerdau continued to execute the strategy to focus on its more profitable assets, which led to the divestment of assets worth R$441 million in the year to May. In March, Gerdau entered into an agreement to form a joint venture<em>, </em>based on the sale of its 50% interest in Gerdau Diaco in Colombia, with Putney Capital Management, which already is a partner in its operations in the Dominican Republic. The transaction attributed to the joint venture<em> </em>an economic value of R$523 million, which implies that the 50% interest held by Gerdau has an economic value of R$262 million. The transaction has yet to be consummated, therefore Gerdau Diaco continued to be reported as a subsidiary on the first-quarter financial statements. Moreover, five special steel production units and five plants manufacturing products for the construction industry in the United States were sold, whose economic value amounted to R$179 million.</p><p style="text-align&#58;center;"><strong>Gerdau invests R$237 million in the first quarter</strong></p><p style="text-align&#58;justify;">In the first quarter, Gerdau invested R$237 million in fixed assets (CAPEX). For 2017, CAPEX is projected at R$1.3 billion, which is in line with the amount invested in 2017. The investments will focus mainly on boosting productivity and sustaining the operations.</p><p style="text-align&#58;center;">&#160;<strong>Gerdau will not advance the payment of dividends this quarter</strong></p><p style="text-align&#58;justify;">In the period from January to March, consolidated net income amounted to R$824 million and was influenced by the non-recurring reversal of the provision for contingencies in the amount of R$858 million. However, considering the possibility that the Federal Supreme Court (STF) may apply the modulation mechanism prospectively to its decision to declare unconstitutionality, which could limit the production of its effects for taxpayers, the Company is not proposing at this time the distribution of early dividends to be calculated towards the minimum mandatory dividends, and will continue to monitor the matter until a decision is taken by the STF.</p><p style="text-align&#58;justify;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </p><p style="text-align&#58;justify;"><strong>About Gerdau</strong></p><p style="text-align&#58;justify;">Gerdau is a leading producer of long steel in the Americas and one of the largest suppliers of special steel in the world. In Brazil, it also produces flat steel and iron ore, activities that are expanding its product mix and boosting its competitiveness. It is also the largest recycler in Latin America and around the world it transforms each year millions of tonnes of scrap into steel, reinforcing its commitment to sustainable development in the regions where it operates. Gerdau's shares are listed on the São Paulo, New York and Madrid stock exchanges.</p>https://www.gerdau.com5/4/2017 12:13:01 PM5/4/2017 12:13:01 PM
Gerdau Manitoba mill helps to recycle millions of tires<p><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">SELKIRK, MANITOBA April 11, 2017 – What do you do with millions of tires? </font></span><font color="#000000" face="Times New Roman" size="3"> </font></p><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Recycle them. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Gerdau North America, a steel manufacturer in Selkirk, and Reliable Tire Recycling, in Winnipeg, have partnered for over 10 years to recycle tires in Manitoba. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Reliable Tire Recycling drops off tires at Gerdau, where Gerdau recycles the tire rims. Gerdau is one of the largest recyclers in North America, and 98 percent of its steel is made from recycled scrap metals. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">In turn, Reliable Tire Recycling takes from Gerdau a load of tires to be made into rubber products, such as mats for hockey rinks and gyms. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">The partnership increased its tire numbers in 2015, when Gerdau had a surplus of tires in its yard.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">“I contacted Reliable Tire and asked if there was interest in taking more tires,” Chad Webster, Gerdau’s division manager, said. “It turns out they had a need for more tires, and we certainly had a need to get rid of the tires we had onsite. We set up dedicated runs each week, and we were able to eliminate our tire surplus.”</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Reliable Tire Recycling began picking up tires two to three times per week in May 2015 to reduce Gerdau’s tire inventory. Since then, Gerdau has shipped 433 tons of tires to Reliable Tire for recycling. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">“It’s important to recycle tires as they take anywhere from 50 to 80 years for a single tire to decompose,” Webster said. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">In the past year, Gerdau has recycled 173 tons of steel rims from Reliable Tire. The steel rims go into a shredder and then are sent to the melt shop to be made into steel products used in transport, agri-business, and mining equipment, and in the construction of buildings.</font></span><font color="#000000" face="Calibri" size="3"> </font></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Reliable Tire recycles over 1.5 million tires a year from various sources, including Gerdau. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">“We do a plethora of products. The most popular would be rubber matting,” Jarrett Wiebe, Reliable Tire’s sales manager, said. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">In addition to hockey rinks and gyms, rubber matting is used in horse stalls. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Other projects include rain splash pads and rubber mulch, which is used for landscaping instead of wood mulch. Rubber mulch is found in the Manitoba Legislative Building. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Rubber parking and sidewalk curbs are also popular. An 8-foot concrete curb weighs 350 pounds, whereas, a rubber curb of the same size weighs 100 pounds. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">“We have a very good relationship with Gerdau and would like to continue that,” Chris Middleton, logistics manager for Reliable Tire Recycling, said. “We work hand in hand to facilitate their needs.”</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Webster agrees. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 8pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">“A real win-win,” Webster said. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font>https://www.gerdau.com/northamerica4/27/2017 8:46:52 PM4/27/2017 8:46:52 PM
Carrollton reaches 12 years without a lost time accidenthttps://www.gerdau.com/northamerica4/27/2017 8:41:20 PM4/27/2017 8:41:20 PM
Charlotte steel mill does more than recycle scrap<p>​</p><p><font color="#000000" face="Times New Roman" size="3"> </font><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">CHARLOTTE, NORTH CAROLINA April 22, 2017 – Gerdau is one of the largest recyclers in North America. Ninety-eight percent of its steel is produced from scrap metals that come from everyday things, such as automobiles and old stoves. Gerdau’s Charlotte mill used 184,255 net tons of scrap in 2016. </font></span></p><p><span style="font-family&#58;&quot;arial&quot;,sans-serif;"></span><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font size="3"><font color="#000000">But at the Charlotte mill, there’s more recycling going on than melting scrap into steel products.&#160;<span style="">&#160;</span></font></font></span><font color="#000000" face="Times New Roman" size="3"> </font></p><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font size="3"><font color="#000000">Gerdau Charlotte employees have a continuous cellphone drive for the <span style="">Cabarrus Victims Assistance Network, a local women’s shelter</span></font></font><font color="#000000" size="3">. Twice a year, employees drop off collected cellphones at the shelter. </font></span><font color="#000000" face="Times New Roman" size="3"> </font></p><p style="margin&#58;0in 0in 0pt;"><font color="#000000" face="Times New Roman" size="3"></font>&#160;</p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">“As part of the Gerdau culture, protecting our environment is a value for all our employees,” Bob Churchill, Gerdau Charlotte’s safety and environmental manager, said. “Repurposing is a great way to provide these items to those in need.”</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3"></font></span>&#160;</p><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Since the early 2000s, Gerdau Charlotte has donated about 500 cellphones a year. The Human Resources and Safety departments came up with the idea. Logistics Clerk Peggy Patrick has been involved with the collection and delivery since the start of the project, as well as establishing contacts and generating employee involvement. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3"></font></span>&#160;</p><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Last year, the shelter helped 1,855 women and children, and it takes 125 calls a month on its 24-hour domestic violence help hotline.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"></span><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">“The interesting and cool thing about cellphones is that we can do a couple of different things with them,” Rebecca Moffett, assistant director of the shelter, said. “We can charge it, and even if a woman doesn’t have cell service, she can use it to call 911.”</font></span><font color="#000000" face="Times New Roman" size="3"> </font></p><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Moffett said if there is a surplus of cellphones, the shelter takes them to a recycler and receives money which can be used to help run the shelter and its programs. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Gerdau Charlotte also collects safety glasses and employee reading glasses through a donation box in its main office. The glasses are repurposed and given to the Lions Club, which donates the glasses to local shelters. The initiative has been going on for eight years. Recently, Gerdau Charlotte donated 25 pairs of glasses.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Used printer cartridges from Gerdau Charlotte are donated to the Lions Club, as well. The club is then reimbursed from the printer manufacturers, and the club uses the money from the cartridges to support charity efforts in the community.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">“Disposing of these items in a landfill is a cost that is not necessary,” Churchill said. “We have an opportunity to contribute to our community and show our support as a long-term business in the Charlotte area.”</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"></span><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">It’s not only people in need who benefit from Gerdau Charlotte’s recycling efforts – the environment does too. </font></span><font color="#000000" face="Times New Roman" size="3"> </font></p><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"></span><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">Gerdau Charlotte receives defective batteries from major suppliers such as Energizer, Duracell, Asheboro Recycling, Battery Solutions and Spectrum Brands. Around four to five truck loads, or about 72 tons per month, are recycled the same way scrap metals are recycled. </font></span><font color="#000000" face="Times New Roman" size="3"> </font></p><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">The project began in 2012 with only a couple of suppliers and has grown over the years.</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">&#160;</font></span></p><font color="#000000" face="Times New Roman" size="3"> </font><p style="margin&#58;0in 0in 0pt;"><span style="font-family&#58;&quot;arial&quot;,sans-serif;"><font color="#000000" size="3">“Giving back to Charlotte and surrounding communities is an obligation,” Churchill said. </font></span></p><font color="#000000" face="Times New Roman" size="3"> </font>https://www.gerdau.com/northamerica4/27/2017 8:33:23 PM4/27/2017 8:33:23 PM
Duluth grinding ball plant celebrates 40th anniversary<p>​DULUTH, MINNESOTA, April 27, 2017 – Almost forty years ago, Dave Pierson was hauling wires and construction material while working on a crew tasked with building a $4.5 million steel plant.</p><p>Now, Pierson works at the plant as a sales representative – but not before he worked on the production line as a forge operator then a front line supervisor. He made his way up the ladder, first as a Cargill employee, then as a Gerdau employee when Gerdau purchased the grinding ball plant in 2004.</p><p>The plant celebrated its 40th anniversary Tuesday, April 25. Thanks to a <a href="http&#58;//www.duluthnewstribune.com/news/4255619-bygones-april-25-2017">history brief</a> in the Duluth News Tribune, the plant was able to learn the exact date of its anniversary after an employee hung the brief in the plant's lunchroom. ​</p><p>&quot;It was exciting for Duluth and the community to add a new facility and jobs,&quot; Pierson said about the first days of the plant. </p><p>Pierson was in his early 20s when he started working on the construction of the plant, which is near the Minnesota-Wisconsin border on Lake Superior. Cargill then hired him as its employee to complete the plant, a North Star Steel unit. After construction was complete, he worked in production. He's been with the plant since January 1978.</p><p>In 1977, the plant was shipping about 1,500 tons of forged alloy steel grinding balls and had 12 employees on three lines. When the plant began production, Ronald Bone, the general manager, said the plant would ultimately employ 50 workers.</p><p>&quot;Low and behold that is where we are at,&quot; John Kuhn, plant manager, said. &quot;What Bone did not know at the time is we would be operating four lines with 50 people, and not three.&quot;</p><p>In 2000, the fourth production line was added. That's when employee count went from about 40 people to 50.</p><p>Cargill sold the plant in 2004 to Gerdau. Pierson said Cargill was focusing more on agriculture and less on steel.</p><p>&quot;It was a good change,&quot; Pierson said. &quot;We thought it was good for the plant to be owned by a company that's focused in steel.&quot;</p><p>Under Gerdau, in 2005, the plant made improvements in the chemistry of its grinding balls, improving the wear. That same year, the plant reached its peak in production at 117,000 tons of grinding ball sales.</p><p>Grinding balls are used largely in the mining industry to crush materials into powders used in paints, ceramics and pyrotechnics, among others. When the plant first started, it was primarily producing grinding balls for Minnesota's taconite industry. Pierson has an interest in geology and a background in metallurgy and said he enjoys the technical work behind what he does.</p><p>&#160;&quot;We make a very high-quality ball,&quot; Pierson said. &quot;We've been able to grow in quality and service.&quot;</p><p>&#160;</p>https://www.gerdau.com/northamerica4/27/2017 8:22:29 PM4/27/2017 8:22:29 PM

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