In a meeting with Brazil’s mines and energy minister, Eduardo Braga, Gerdau’s chairman defended a more balanced price for electricity in Brazil.
According to local media, Jorge Gerdau Johannpeter said electricity prices in Brazil need to be closer to international prices because the nation’s steel industry competitiveness depends much on the price of electricity, which is the most expensive worldwide. If compared in terms of industrial use.
According to the Brazil steel institute (IABr), among the factors that are affecting the segment's competitiveness are high and cumulative taxes, the cost of electricity and a strong US dollar.