July 21, 2009

GERDAU SA: Records BRL92.75MM Environmental Liability at Dec. 31

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Gerdau S.A., as of Dec. 31, 2008, recorded BRL92,755,000 for investigation, treatment and cleaning of various potentially affected sites.

Of the above amount, BRL17,759,000 related to current liabilities and BRL74,996,000 related to non-current liabilities.

The steel industry uses and generates substances that…

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