Menos em 2020 – Gerdau reduzirá investimentos em usinas de aços especiais neste ano

Less In 2020 – Gerdau Will Reduce Investments In Special Steel Plants This Year

Written by Roberta Souza

Published on 07/05/2020 at 21:45

guerdau, investimentos, codid-19

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The Company Decided to Cut This Year’s Investments in Special Steel Mills, Considering the Covid-19 Crisis

For 2020, another company adopted investment cuts due to the coronavirus. This time, the company Gerdau reported the reduction, resulting from the drop in demand in some sectors, especially the automotive sector.

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According to Gustavo Werneck, the company president, “given these market uncertainties, we have become more conservative in project approvals and have halted ongoing projects.”

The amount cut for the year was R$ 1 billion, down from R$ 2.6 billion to R$ 1.6 billion. This adjustment implies the halt of the main investments that the company was making in the two largest special steel mills, one in Pindamonhangaba (SP) and another in the United States.

“These are investments to keep up with the technological evolution of the automotive industry and since there will certainly be a significant drop in vehicle sales this year, it gave us a little more time,” he said. “We reduced, but we believe that, in the medium term, there will be no impact on our ability to serve the market.”

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Less In 2020 – Gerdau Will Reduce Investments In Special Steel Plants This Year

The Company Decided to Cut This Year’s Investments in Special Steel Mills, Considering the Covid-19 Crisis

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Less In 2020 – Gerdau Will Reduce Investments In Special Steel Plants This Year

The Company Decided to Cut This Year’s Investments in Special Steel Mills, Considering the Covid-19 Crisis

See Other News:

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While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

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An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

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