# Gerdau's Siderperu reports profit surge in Q2

> Siderperu, the Peruvian subsidiary of Brazilian steelmaker Gerdau, reported a 117% year-on-year rise in Q2 net profit to PEN 25.7 million. The gain was attributed to a positive currency effect and stronger gross profit, with gross margin rising to 14.2% from 8.8%. First-half net profit was nearly 200% higher year-on-year.

- Date: 2018-07-30 · published 2018-07-30T12:00:00.000Z
- Category: market · region Peru · magnitude low
- Page: https://feedsoft.ai/events/64301-gerdau-s-siderperu-reports-profit-surge-in-q2
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

This is a corporate steel earnings result with no link to feed grains, oilseed meals, or livestock supply and demand, so it has no meaningful price implication for feed buyers.

## Sources

- steelorbis.com: https://www.steelorbis.com/steel-news/latest-news/gerdaus-siderperu-reports-profit-surge-in-q2-1051127.htm

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.