Here today is Gustavo Werneck, Chief Executive Officer of Gerdau; Harley Scardoelli, Chief Financial Officer who will present to you today. All analysts and investors can send their questions to the chat.
Gerdau S.A. (NYSE: GGB, BM&Fbovespa: GGBR3, GGBR4) -- The consolidated EBITDA amounted R$ 4.3 billion in 1Q21, highest level ever for a quarter, with a margin of 26.4%.
Shares of Brazil steelmaker Gerdau SA surged more than 5% on Wednesday, after the company reported a net income of 2.5 billion reais ($459.22 million), much higher than a year ago, due to higher metal prices and favorable currency rates. While profit grew more than ten-fold and revenue grew 77%, steel production fell 1% and steel sales grew only 15% to 3 million tonnes. "This whopping beat was driven mainly by higher prices in Brazil," it said.