31
Aug
13:03
Fitch raises Gerdau Metaldom rating following merger
Fitch has raised its national long-term rating of Gerdau Metaldom to A (dom), and affirmed its short-term rating of F1 (dom). This is a consequence of Metaldom’s mergers with Metallurgical Complex Dominicano.
The 2014 merger resulted in a more efficient cost structure, strengthening operations while enabling the firm to face challenges and competitive pressures. It also incorporated a conservative capital structure.
Gerdau Metaldom has an installed…
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Anonymous
Very good overview of the weekly steel market.
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