Some context in numbers...
26 million tons of steel produced! 1% of that is 260,000 tonnes of steel at a 0.5% w/w inclusion rate of PureGraph that is 1300 tonnes of Pure Graph.... this is the type of scale of customer that will put FGR on the map. The plastic, concrete and rubber industries to name a few are in these ball parks.
I think we should let this sink in. Agree work needs to be done to clock up sales, but the door has been opened and it feels a like we are starting to get closer to a mega market opportunity.
At a $US 8 billion market cap they have some clout. Well done FGR and holders.
Esc
https://last10k.com/sec-filings/ggb
https://en.wikipedia.org/wiki/Gerdau
Gerdau is the largest producer of long steel in Latin America, with steel mills in Brazil, Argentina, Canada, Colombia, Dominican Republic, Mexico, Peru, United States, Uruguay and Venezuela. Currently, Gerdau has an installed capacity of 26 million metric tons of steel per year and offers steel for the civil construction, automobile, industrial, agricultural and various sectors.
Gerdau is also the world’s 30th largest steelmaker. It has 337 industrial and commercial units and more than 30,000 employees across 10 countries.
Assets[edit]
- 58 steel mills
- 21 downstream operations
- 94 fabricated reinforcing steel facilities
- 4 flat steel service centers
- 80 retail facilities
- 32 scrap collection and processing facilities
- 4 iron ore extraction areas
- 2 solid pig iron production units
- 2 private port terminals
- 1 Reinforcing Steel Placing Company
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- Ann: MoU with Gerdau S.A. to Open American Markets to PureGRAPH
Ann: MoU with Gerdau S.A. to Open American Markets to PureGRAPH, page-26
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