CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the Long-term Foreign and Local currency Issuer Default Ratings (IDRs) of Gerdau S.A. (Gerdau) at 'BBB-' and National scale rating at 'AA+(bra)'. The Rating Outlook remains Stable. A full list of rating actions follows at the end of this press release. The affirmation reflects Gerdau's low cost structure, well-developed network of scrap procurement, geographical diversification, and ability to generate positive free cash flow (FCF) during per
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