‘Trump of Tropics' Expected to Give Brazil Steelmaker Next Boost
- After reaping U.S. benefits, Gerdau eyes similar win at home
- Gerdau hopes both countries will raise infrastructure spending
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With extensive operations in the U.S., Brazilian steelmaker Gerdau SA was well positioned to benefit from Donald Trump’s economic policies. Now the company is hoping its home country’s new president, often called “Trump of the Tropics,” will give it an equivalent boost.
“We see a similar scenario” in Brazil, Gerdau Chief Financial Officer Harley Lorentz Scardoelli said Wednesday when asked to compare Trump’s policies with the expectations for Brazil’s President-Elect Jair Bolsonaro’s administration.