🇧🇷🏗️🇺🇸📈 Gerdau Stays Bullish on North America Despite U.S. Tariff Pressures, Halts Mexico Expansion 🔹 Summary: Brazilian steelmaker Gerdau remains optimistic about its North American business due to strong order backlogs, even as U.S. trade policies raise concerns across industrial sectors. While cancelling plans for a new steel mill in Mexico due to U.S. tariffs, Gerdau's executives emphasised the resilience of their U.S. operations, which drove nearly half of first-quarter results. 🔹 Key Points: • Gerdau reported no decline in U.S. customer orders despite rising trade policy uncertainties. • Plans for a special steel plant in Mexico were cancelled after the U.S. imposed a 25% steel import tariff. • North American operations contributed 49% of Gerdau's total operating results in Q1. • Automotive industry clients are particularly cautious, but overall demand remains strong. • Executives highlighted a robust pipeline of orders supporting continued optimism. @CMEActiveTrader Tickers Of Interest: $NQ $ES $HG Tickers Of Interest: $GGB $USD $MXN