Gerdau S.A. (NYSE:GGB) is ranked eighth on the list of 10 Best Low Cost Stocks to Buy Under $50. As Brazil’s largest steel producer, Gerdau operates globally with over 30,000 employees and serves industries like construction, automotive, energy, and machinery.

In an effort to increase competitiveness and sustainability, Gerdau S.A. has invested in green steel and advanced technologies. The company inaugurated a new hot-rolled coil line in Brazil, with plans to add R$400 million to its annual EBITDA. It is also exploring the construction of a special steel unit in Mexico for the automotive market.

Gerdau S.A.’s North American operations play a crucial role in its global strategy, boasting a record order backlog in Q1 2025 and a state-of-the-art steel heat treatment facility in Texas. The facility supports renewable energy sectors by producing extra-long, heat-treated bars used in wind energy and infrastructure projects.

Gerdau S.A. emphasizes sustainability, earning recognition for environmental initiatives and receiving B Corp Certification in North America. The company is committed to enhancing water management and solidifying its position as a sustainability leader in the steel industry.

Read more at Yahoo Finance: Gerdau S.A. (GGB) Boosts Green Steel Production with New $400M Hot-Rolled Coil Line in Brazil