U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

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

SECURITIES EXCHANGE ACT OF 1934

 

Dated October 11, 2023

 

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 ¨

 

 

 

 

 

 

Exhibit Index

 

Exhibit Description of Exhibit
   
99.1 Notice to the Market, October 10, 2023

 

 

 

 

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:  October 11, 2023

 

  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.

Tax ID (CNPJ/ME) 33.611.500/0001-19

Registry (NIRE): 35300520696

 

NOTICE TO THE MARKET

 

Gerdau S.A. (B3: GGBR / NYSE: GGB) (“Company”) in addition to the Material Facts published on November 25th , 2022 and March 15th, 2023, announces to its shareholders and the market in general that Newave Energia S.A., a company in which Gerdau holds an indirect stake of 33.33% (“Newave Energia”), has entered into definitive agreements for the acquisition of all the shares in Solar Arinos Holding S.A., held by Voltalia Group, with the purpose of developing, building and operating a new solar energy generation park in Arinos, in the state of Minas Gerais (“Arinos Solar Park”).

 

The Arinos Solar Park is expected to have an installed capacity of approximately 420 MWp and includes an energy substation. The total investment for the construction of the Arinos Solar Park will be around R$ 1,400,000,000.00 (one billion and four hundred million reais), which will be fully supported by Newave Energia S.A, with a combination of its equity and debt.

 

With the execution of the definitive agreements, the conditions are met for Gerdau to complete the payment of its share of the capital in Newave Energia throughout the project construction.

 

Once operational, the Arinos Solar Park is expected to supply 30% of its volume of renewable energy produced to Gerdau's steel production units in Brazil, in the self-production mode, contributing to achieving the goals of reducing greenhouse effect emissions and reinforcing the Company's search for greater competitiveness. The energy volume in this mode is approximately 34 MWm, equivalent to the consumption of a steel mill with a capacity of approximately 400k tons per year, or approximately 7% of the total Company’s annual energy consumption in Brazil. The use of this energy should generate an estimated reduction of 22,000 tCO2e per year for the Company.

 

São Paulo, October 10, 2023.

 

Rafael Dorneles Japur

Executive Vice-President

Investor Relations Officer

 

 

 


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