Gerdau, Brazil’s best-known steelmaker, is tapping the brakes after a heavy investment year. The board kept 2025 capital spending at R$6.0 billion ($1.13 billion) but trimmed 2026 to R$4.7 billion ($0.89 billion)—a 21.7% cut. Next year’s budget is practical rather than flashy: about R$2.9 billion ($0.55 billion) to keep plants in top shape and R$1.8 […]
