Gerdau celebrates 25 years as listed company on the New York stock exchange

The steel producer is among the largest Brazilian companies whose shares are traded on the NYSE

Gerdau, Brazil’s largest steel producer and one of the leading producers of long steel in the Americas and special steel in the world, celebrates this month 25 years of its listing on the New York Stock Exchange (NYSE).

Gerdau joined the world’s most prestigious stock exchange on March 10, 1999, at a time when it was intensifying its international expansion and increasing its production capacity in the U.S. market. “Gerdau’s presence in the NYSE reflects our international business reputation built on the strength, operational credibility and transparency of the Company over these 25 years,” said Rafael Japur, CFO of Gerdau.

Currently, Gerdau’s American Depositary Receipts (ADR) represent over 30% of the Company’s outstanding preferred shares. “Gerdau remains committed to generating increasingly greater value for our investors, and being listed on the NYSE gives us direct access to the capital markets in the U.S., where we have important long and special steel production operations,” Japur added.