Dallas, Texas 03/17/2014 (FINANCIALSTRENDS) – Gerdau SA (ADR)(NYSE:GGB) is the South American-based steel products manufacturer and seller, with operations focused in Latin America. Gerdau is known to set the standards for safety and health in the industry, according to World Steel Association.
Incidentally, Gerdau was recognized by the association for the standards it has been implementing over the years.
The rigorous spend on safety and health has not prevented Gerdau from posting net revenue growth in the previous fiscal of 2013. The growth is in the region of 5%, reports the company in its press release. The net revenue was valued at $10.5 billion for the previous quarter, for this fiscal.
Gerdau SA (ADR) (NYSE:GGB) has been successful despite global competition from diverse steel producers. The reason for this has been the strategic product portfolio it has built over the years, since its debut in the steel manufacturing industry.
The speciality of this steel maker is the range of steel and diversified products it offers. These include the standard long steel as well as flat steel items. What makes these products value addition to buyer are the different processes the company engages in using them. First method could include the fabrication in furnaces powered by electricity, using scrap metal as the raw materials. Alternatively, pig iron(which it purchases) is also used.
Gerdau SA (ADR) (NYSE:GGB) is stock prices are currently at $6.03 per share, which is defined way lesser than immediate peer in this group – Arcelor Mittal SA (NYSE:MT) which is priced at $14.87 per stock. Gerdau currently holds market cap of $10.26 billion, while its Luxemborg-based peer Arcelor Mittal owns market capital of $24.59 billion.
In its previous trading session, the company has been trading above average volume of $5.98 million shares, at 6.15 million shares. the gains thus far have been positive for the company reportedly posting +2.03%, at $6.03, which is well above its 2 week low of $5.27. However, this stock is trading way below the 52 week high of $8.41.