Gerdau S A 's

Gerdau operates in the competitive Brazilian steel market, where the two largest crude steel producers are ArcelorMittal Brasil and Gerdau. In the long steel segment, Gerdau's primary competitors include ArcelorMittal, Simec, Sinobrás, Aço Verde do Brasil (AVB), and Companhia Siderúrgica Nacional (CSN). In the flat steel market, its competitors are ArcelorMittal, Usiminas, and CSN. The company also faces significant competition from imports of long and flat steel products, mainly from China. In 2025, the steel import penetration rate in Brazil reached 21%, representing a 60% increase over the average of the previous ten years. Import volumes grew by 7.4% from 2024 to 2025, intensifying competitive pressures in the local market, particularly due to imports under predatory competition conditions.