10 Best Steel Stocks to Buy According to Billionaires

7. Gerdau S.A. (NYSE:GGB) 

Number of Billionaire Investors: 8

Gerdau S.A. (NYSE:GGB) is a global steel producer with operations spanning Brazil, North America, and South America. The company makes semi-finished steel items, long-rolled steel, flat steel, and specialty steel for the building, automotive, energy, mining, and infrastructure industries. Simultaneously, Gerdau is focusing on sustainability by boosting its clean energy output to help reduce carbon emissions.

For the year ended December 31, 2024, Gerdau S.A. (NYSE:GGB) reported an adjusted EBITDA of roughly $2.16 billion, fueled by strategic cost reductions, mainly in Brazil. The company saved about $300 million while keeping a healthy balance sheet and investing around $1.24 billion in capital projects. Stockholders received strong returns with nearly $580 million paid through dividends and stock repurchases.

Gerdau S.A. (NYSE:GGB) continued growing its energy business by buying two small hydropower plants in Brazil to trim costs and support long-term green goals. The company has also streamlined its financial reporting into three segments: Brazil, North America, and South America, to match market patterns more effectively.

Going forward, Gerdau S.A. (NYSE:GGB) expects improved demand in North America, backed by commercial construction and infrastructure work. The company foresees higher use of its U.S. facilities due to trade protections, including a 25% steel import tariff.

Therefore, Gerdau S.A. (NYSE:GGB) is well-placed for future growth with its cost-effective structure and smart investments, making it one of the best steel stocks.