 Brazil steelmaker Gerdau raised steel prices in July by up to 8 despite the economic slowdown brought on during the coronavirus crisis, CEO Gustavo Werneck said on Wednesday. Werneck said in a call with analysts that Gerdau had also raised the prices of long steels by up to 10 in July and was planning to raise them again by 11 in September. Shares in Gerdau rose 6 on Wednesday, after the company pointed to signs of a recovery from the crisis after reporting net income of 315 million reais 59.36 million in the second quarter, down 15 from a year earlier. 