Steel Products
Gerdau Announces New President of NA Long Steel
Written by Sandy Williams
April 24, 2018
Gerdau announced the appointment of Chia Wang to President of its North American long steel operation, effective April 24. Wang, currently Supply Chain Vice-President in North America, will succeed the CEO of Gerdau, Gustavo Werneck, who served as interim president for the last three months.
A 30-year veteran at Gerdau, Wang has held positions in Brazil, Canada, China and the U.S. Wang received a Metallurgical Engineering degree at Universidade Federal do Rio Grande do Sul (UFRGS – Brazil) and executive education courses at Harvard Business School.
“It is a great honor to lead the operation I have been serving for the last years. Gerdau has a great team and I am confident that we can build a path for the company’s growth in North America, one of our most relevant markets,” said Wang.
The long steel North American operation is responsible for 40 percent of the company’s consolidated net sales and 18 percent of its EBITDA.
{loadposition reserved_message}
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products
Domestic HR, offshore prices decline
US hot-rolled (HR) coil prices slipped this week, while tags in offshore markets were also largely down. Thus, the price premium between stateside hot band and imports on a landed basis was relatively unchanged.
Kloeckner, SDI collaborate on aluminum plant in Mississippi
The investment is aimed at growing Kloeckner’s automotive and industrial segment in the US and Mexico.
HVAC shipments slip in September but are still trending higher
Following a strong August, total heating and cooling equipment shipments eased in September to a five-month low, according to the latest data from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).
Dodge Momentum moves down again
Slowing growth in data center planning and nonresidential projects caused the Dodge Momentum Index (DMI) to pull back in October.
AISI: US steel shipments slip in September
Domestic steel shipments decreased both on-year and month over month in September.