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Gerdau Announces New Agreement For Heavy Plates Production; Shares Surge Higher
Thursday, February 4, 2016 - 3:07pm | 239Shares of Gerdau SA (ADR) (NYSE: GGB) were trading higher by more than 8 percent on Thursday after the company announced it has signed a technical cooperation agreement with Japan-based JFE Steel Corporation. Gerdau, a Brazil-based producer of long rolled steel, noted in its press release that the...