Tag: North American subsidiary
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Brazil: Gerdau expands with $60 million scrap recycling acquisition
Gerdau Ameristeel, a leading Latin American minimill producing 12.4 mnt of steel annually, is acquiring US-based Dales Recycling for $60 million to enhance its ferrous scrap operations in North America. The deal encompasses assets in Tennessee, Kentucky, and Missouri, with the goal of securing a reliable supply of raw materials. Gerdau’s North American subsidiary will…