UAW Strike Prompts Brazil Steelmaker to Curb Some US Output

  • Gerdau will curb US specialty steel production next month: CEO
  • A US Steel takeover will trigger consolidation in flat steel
Steel bars at the Gerdau Steel Mill in Rancho Cucamonga, California.Photographer: Bob Riha Jr/Getty Images
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Brazilian steelmaker Gerdau SA will reduce its output of specialty steel in the US next month as an ongoing strike by the United Auto Workers is set to hit demand from auto-parts manufacturers.

The decision should impact Gerdau’s financial results in North America, with the extent of losses depending on the length of the strike, Chief Executive Officer Gustavo Werneck said Wednesday in an interview in the sidelines of a conference in Sao Paulo.