The BNDES limite de crédito credit scheme is subject to local content incentives. As such, so is the BRL 29 million (approx. USD 12 million) loan to Gerdau SA granted on 3 December 2013 by the Nationa...
On 3 December 2013, the National Bank for Economic and Social Development (BNDES in Portuguese) provided a BRL 29 million (approx. USD 12 million) loan to Gerdau SA. The loan was issued under the BNDE...