GGB Gerdau SA

 

 

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K/A

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

 

Dated September 23, 2024

 

Commission File Number 1-14878

 

GERDAU S.A.

(Translation of Registrant’s Name into English)

 

Av. Dra. Ruth Cardoso, 8,501 – 8° andar

São Paulo, São Paulo - Brazil CEP 05425-070

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F     x

Form 40-F     ¨

 

 

 

EXPLANATORY NOTE

 

Gerdau is amending its report on Form 6-K furnished to the Securities and Exchange Commission on September 18, 2024 (the “Original 6-K”) solely for the purpose of replacing Exhibit 99.1 therein with the attached corrected Exhibit 99.1. Except as described above, this amendment does not amend any information set forth in the Original 6-K.

 

 

Exhibit Index

Exhibit	Description of Exhibit
99.1	Notice to the Market, September 20, 2024

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: September 23, 2024
	GERDAU S.A.
	By:	/s/ Rafael Dorneles Japur
	Name:	Rafael Dorneles Japur
	Title:	Executive Vice President
		Investor Relations Director

 

 

 

Exhibit 99.1

 

 

GERDAU S.A.

Corporate Tax ID (CNPJ/MF): 33.611.500/0001-19

Registry (NIRE): 35300520696

 

NOTICE TO THE MARKET

 

Gerdau S.A. (B3: GGBR / NYSE: GGB) announces to its shareholders and the general market that, on September 17, 2024, Gerdau Ameristeel US Inc., subsidiary of Gerdau in North America, signed an agreement to acquire the assets of Dales Recycling Partnership, a company engaged in the operation, processing, and recycling of ferrous and non- ferrous scrap. The acquisition price of approximately US$ 60 million to be paid in cash, using available own resources, at the closing of the transaction, subject to customary price adjustments. The closing of the transaction is expected to occur by the end of 2024, following the satisfaction of customary conditions precedent for operations of this nature.

 

The assets include land, inventory, and fixed assets associated with Dales Recycling's operations in Tennessee, Kentucky, and Missouri, in the United States. Dales Recycling has an annual capacity to process approximately 160,000 tons of ferrous and non-ferrous scrap and reported an average annual EBITDA of approximately US$ 10 million over the past three years.

 

The acquisition aims to increase Gerdau's captive ferrous scrap supply through proprietary channels, supplying raw material to its operations at a competitive cost. Gerdau also clarifies that this acquisition is aligned with its strategy of growth and competitiveness of operations through assets with greater potential for long-term value generation and expansion of its presence in more profitable markets for its business.

 

São Paulo, September 20, 2024.

 

Rafael Dorneles Japur

Executive Vice-President and
Investor Relations Officer

 

 

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