GERDAU S.A. Business Summary

Gerdau S.A. (GGB) is a leading global producer of long and special steel, generating revenue through the manufacturing and commercialization of steel products for the construction, industrial, automotive, and agricultural sectors. The company operates through four primary business segments: North America, Brazil, South America, and Special Steel. As of early 2026, the North America division has emerged as the company's most significant profit driver, contributing approximately 65% of consolidated EBITDA, while the Brazil segment remains a core pillar despite facing intense competition from imported steel. Gerdau competes directly with global and regional titans such as ArcelorMittal, Nucor Corporation, Commercial Metals Company (CMC), and Ternium. It maintains a dominant market position as the largest producer of long steel in the Americas and holds a commanding 17% share of Brazil's crude steel production. Founded in 1901 by João Gerdau as a nail factory, the company remains under the strategic control of the Gerdau Johannpeter family through Metalúrgica Gerdau S.A. The current leadership team is headed by CEO Gustavo Werneck da Cunha, a veteran with over 18 years at the firm who has served as Chief Executive since 2018, and CFO Rafael Dorneles Japur, who rose through the company’s ranks from an intern to oversee its global financial strategy. The Board of Directors is chaired by André Bier Gerdau Johannpeter, with Guilherme Chagas Gerdau Johannpeter and Cláudio Johannpeter serving as Vice-Chairmen, ensuring a blend of professional management and family governance. Notable institutional investors include FMR LLC (Fidelity), which holds a significant 7.9% stake in the company’s preferred shares as of February 2026, alongside other major asset managers like BlackRock and State Street.