Biggest Brazil Steelmaker Ready to Benefit From Trump Pump
- Gerdau can produce more steel if U.S. demand picks up: CEO
- Company upbeat on North America as Brazil goes ‘sideways’
Gerdau CEO Andre Gerdau Johannpeter discusses U.S. trade and infrastructure policies. He speaks with Bloomberg's Joe Deaux on 'Bloomberg Markets.'
Source: BloombergBrazilian steelmaker Gerdau SA is well positioned to increase output at its North America plants if the Trump administration’s policies drive U.S. demand growth, Chief Executive Officer Andre Gerdau Johannpeter said.
The CEO applauded President Donald Trump’s efforts to crack down on unfair trade, describing a so-called 232 probe into national-security risks posed by steel imports as “a very good initiative.” He said he’s still optimistic that Trump will be able to push through infrastructure plans, even if it takes longer than first thought, and is confident Gerdau can handle any increased demand.