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Morningstar Gives "BBB-" Credit Rating to Gerdau SA
2014-10-28 06:13:40| Steel - Topix.net
Gerdau SA has been given a "BBB-" credit rating by Morningstar . The research firm's "BBB-" rating indicates that the company is a moderate default risk.
Gerdau SA Sees Large Decrease in Short Interest
2014-10-22 13:03:42| Steel - Topix.net
Gerdau SA was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 13,339,971 shares, a drop of 26.6% from the September 15th total of 18,176,091 shares, American Banking and Market News reports.
Tags: large
short
interest
decrease
Gerdau SA Earns BBB- Credit Rating
2014-10-07 06:37:12| Steel - Topix.net
Gerdau SA has earned a "BBB-" credit rating from analysts at Morningstar . The investment research firm's "BBB-" rating suggests that the company is a moderate default risk.
Gerdau SA Sets New 12-Month Low at $5.12
2014-09-23 09:19:17| Steel - Topix.net
Gerdau SA 's share price hit a new 52-week low during trading on Monday , AnalystRatings.NET reports. The stock traded as low as $5.12 and last traded at $5.14, with a volume of 2,024,920 shares changing hands.
ArcelorMittal Gerdau to sell US steel mill for 770 million
2014-09-16 10:21:16| Steel - Topix.net
World's biggest steel producer ArcelorMittal on Monday said it has inked a pact with Brazil's Gerdau to sell their 50% stakes in US-based Gallatin for $770 million, as part of its strategy to divest non-core assets. "ArcelorMittal and Gerdau jointly announced today that they have entered into a definitive transaction agreement to sell their respective 50% interests in Gallatin Steel Company to Nucor Corporation for a total cash consideration of $770 million, subject to customary closing adjustments," the steel giant said in a statement.
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