Brazil's Gerdau posts 50% plunge in Q2 net profit

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SAO PAULO, Aug 8 (Reuters) - Brazilian steelmaker Gerdau SA reported on Tuesday a 50% drop in its second-quarter adjusted net profit, landing at 2.14 billion reais ($435.86 million).

The result is slightly above the 2.1 billion-real net income estimated by analysts polled by Refinitiv. ($1 = 4.9006 reais) (Reporting by Andre Romani; Writing by Carolina Pulice; Editing by Leslie Adler)

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