GGB May 2024 4.000 call
| Previous Close | 0.0500 |
| Open | 0.0500 |
| Bid | 0.0000 |
| Ask | 0.0500 |
| Strike | 4.00 |
| Expire Date | 2024-05-17 |
| Day's Range | 0.0400 - 0.0500 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 52 |
- Reuters
UPDATE 1-Brazil's Gerdau posts 48% fall in fourth quarter profit on lower steel sales
Brazilian steelmaker Gerdau posted on Thursday a 47.9% decrease in its adjusted net profit for the first quarter from the same period a year earlier, affected by lower steel sales amid higher imports in Brazil. It reported a 1.25 billion reais ($244.6 million) adjusted net profit for the three-month period ended in March. Gerdau, which has most of its business in Brazil and North America, posted a net revenue decline of 14.1% year-on-year, as steel sales fell 8.6% in volume, with the company attributing the performance to "excessive imports in the Brazilian market".
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