
Gerdau’s adjusted profit falls near 9% in Q2, tariffs boost US operations
SAO PAULO (Reuters) -Brazilian steelmaker Gerdau on Thursday reported an 8.6% decline in its second-quarter adjusted net profit year-on-year, slightly below analysts’ expectations despite stronger performance of North American operations due to U.S. tariffs. Brazil’s largest steelmaker by market capitalization and the owner of mills across the Americas, Gerdau posted an 864 million reais ($154.26…