UPDATE 1-Brazil Gerdau says still on hunt for acquisitions

(Reuters) - "We are going to remain open to new acquisitions and
continue with our strategy of being one of the consolidators
," Andre Gerdau Johannpeter said on a
conference call with reporters. "We remain on the hunt."




Gerdau Johannpeter made the remarks one day after its North
American unit Gerdau Ameristeel Corp agreed to
buy Texas-based Chaparral Steel Co for $4.22 billion,
its latest in a series of acquisitions in recent years.


Read more at Reuters.com Mergers News