Gerdau posts higher revenues in Q1 amid higher shipments

Wednesday, 05 May 2021 17:12:10 (GMT+3)   |   Istanbul

Brazilian integrated steelmaker Gerdau has announced its financial and operational results for the first quarter of the current year.

The company registered a net profit of BRL 2.47 billion ($454.89 million) compared to a net profit of BRL 221 million recorded in the same period of the previous year. The company’s net revenues in the first quarter this year rose 77 percent year on year and 20 percent quarter on quarter to BRL 16.34 billion ($3.01 billion) amid higher shipments and the appreciation of the US dollar against the Brazilian real.

Meanwhile, in the first quarter this year, Gerdau’s adjusted EBITDA was BRL 4.31 billion ($796.11 million), up by 41 percent quarter on quarter.

In the given quarter, the company produced 3.15 million mt of crude steel down by one percent year on year and falling by seven percent quarter on quarter, due to planned maintenance. Gerdau’s steel sales volume in the first quarter totaled 3.08 million mt, up by 15 percent year on year amid the recovery in key consumer sectors, while it decreased by four percent compared to the previous quarter due to lower exports from Brazil.       

DamlaTükenmez
Damla Tükenmez
Editor

I graduated from the Department of English Language and Literature at Kocaeli University. Since 2020, I have been producing content focused on the steel industry. At SteelOrbis, I write industry news on a wide range of topics, including EU and UK trade measures, regulatory changes, quota utilization, and the statements and views of organizations representing the Turkish steel sector.


Similar articles

Gerdau net profit rises 70 percent in Q2 2026 versus year ago

05 Aug | Steel News

Gerdau sees profit surge in Q4 amid higher sales

25 Feb | Steel News

Gerdau’s net profit increases in Q1

07 May | Steel News

Gerdau’s net profit up nine percent in Q2

02 Aug | Steel News

Nippon Steel swings to net profit in Q1 FY 2026-27, warns of China-driven oversupply and Middle East risks

04 Aug | Steel News

Metinvest's pig iron and crude steel outputs increase in H1 2026

04 Aug | Steel News

TCUD: Turkey's crude steel production and exports increased in H1 2026

03 Aug | Steel News

ArcelorMittal's Q2 2026 EBITDA rises 22.9 percent amid stronger steel prices and shipments

30 Jul | Steel News

CISA mills' daily crude steel output down 0.4% in mid-July, stocks up 8.1%

27 Jul | Steel News

World crude steel output up 1.7 percent in June 2026

23 Jul | Steel News