Gerdau SA (GGB) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Gerdau S.A. has entered into a non-binding two-year Memorandum of Understanding with Petrobras to explore joint opportunities in decarbonization projects and low carbon technologies, including hydrogen, CCUS, and cleaner steelmaking processes. Gerdau boasts a greenhouse gas emission rate that is half the global industry average and is aiming to further reduce its carbon footprint by 2031. The collaboration underscores the company’s commitment to advancing technologies that support the transition to a low carbon economy and the steel industry’s environmental sustainability.
For further insights into GGB stock, check out TipRanks’ Stock Analysis page.