Gerdau halts steel production at Divinópolis plant, cites import competition

Gerdau, Brazil's largest steelmaker, is halting steel production at its Divinópolis (MG) plant, affecting about 1,000 workers. The company cites loss of competitiveness and rising steel imports, signaling pressure on domestic industry from foreign competition. This may reflect broader weakness in Brazilian manufacturing and could have local economic implications.

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