<SEC-DOCUMENT>0001104659-23-130329.txt : 20231229
<SEC-HEADER>0001104659-23-130329.hdr.sgml : 20231229
<ACCEPTANCE-DATETIME>20231229094839
ACCESSION NUMBER:		0001104659-23-130329
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20231229
FILED AS OF DATE:		20231229
DATE AS OF CHANGE:		20231229

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GERDAU S.A.
		CENTRAL INDEX KEY:			0001073404
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14878
		FILM NUMBER:		231524939

	BUSINESS ADDRESS:	
		STREET 1:		AV DOUTORA RUTH CARDOSO, 8,501
		STREET 2:		8TH FLOOR
		CITY:			SAO PAULO, SP
		STATE:			D5
		ZIP:			05425-070
		BUSINESS PHONE:		011-55-51-3323-2703

	MAIL ADDRESS:	
		STREET 1:		AV DOUTORA RUTH CARDOSO, 8,501
		STREET 2:		8TH FLOOR
		CITY:			SAO PAULO, SP
		STATE:			D5
		ZIP:			05425-070

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GERDAU SA
		DATE OF NAME CHANGE:	19981112
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2333939d1_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 12pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>U.S. SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">SECURITIES EXCHANGE
ACT OF 1934</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Dated December 29, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Commission File Number 1-14878</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>GERDAU S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Translation of Registrant&rsquo;s Name into English)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Av. Dra. Ruth Cardoso, 8,501 &ndash; 8&deg; andar</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">S&atilde;o Paulo, S&atilde;o Paulo - Brazil CEP
05425-070</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 1in; text-align: justify; margin-top: 0pt; margin-bottom: 0pt">Form
20-F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 12pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><U>Exhibit Index</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 10%"><U>Exhibit</U></TD>
  <TD STYLE="width: 2%">&nbsp;</TD>
  <TD STYLE="width: 88%"><U>Description of Exhibit</U></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD><A HREF="tm2333939d1_ex99-1.htm" STYLE="-sec-extract: exhibit">99.1</A></TD>
  <TD>&nbsp;</TD>
  <TD><A HREF="tm2333939d1_ex99-1.htm" STYLE="-sec-extract: exhibit">Material Fact, December 28, 2023</A></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Date:&nbsp;&nbsp;December 29, 2023</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">GERDAU S.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 5%"><FONT STYLE="font-size: 10pt">By: </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 45%"><FONT STYLE="font-size: 10pt">/s/ Rafael Dorneles Japur</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Rafael Dorneles Japur</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title: </FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Executive Vice President</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Investor Relations Director</FONT></TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>tm2333939d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><IMG SRC="tm2333939d1_ex99-1img001.jpg" ALT="">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center"><B>GERDAU S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">Tax ID (CNPJ/ME) 33.611.500/0001-19</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">Registry (NIRE): 35300520696</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 32.45pt 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>MATERIAL FACT </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Gerdau S.A. (B3: GGBR / NYSE: GGB) (&ldquo;Company&rdquo;)
informs to its shareholders and the market in general that, on December 27<SUP>th</SUP>, a formal request has been submitted to the Latin
American Securities Market (&ldquo;Latibex&rdquo;) to initiate the necessary procedures for the delisting of XGGB shares, currently traded
on Latibex.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has engaged the entities bellow for
the following roles:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify">Banco Santander, S.A. (&ldquo;Banco Santander&rdquo;): delisting process coordinator;</TD></TR><TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                                                                                                                              </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">Auriga Global Investors S.V, S.A. (&ldquo;Specialist&rdquo;): intermediary
institution, which will act as a facilitating agent, to guide through the properly procedures to be taken by those investors who wish
to sell or transfer their shares before the effective date of trading revocation of the Company&rsquo; shares on Latibex. The divestment
will be carried out under market conditions, accordingly to the share price practiced at B3 S.A. &ndash; Brasil, Bolsa, Balc&atilde;o.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Banco Santander will publish on the Latibex market,
detailed information regarding the procedures for the sale of the Company&rsquo; shares held by Latibex investors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Companies will keep its shareholders and the
market informed about the conclusion of the delisting process.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">S&atilde;o Paulo, December 28, 2023.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Rafael Dorneles Japur</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Executive Vice-President</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Investor Relations Officer</P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 1; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>tm2333939d1_ex99-1img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm2333939d1_ex99-1img001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0@)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !? -H# 2(  A$! Q$!_\0
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MU:_O5UF^ NYP!<2 #S#_ 'C[UI3I\[>I$I<I]=YHS7QQ_:-[_P _EQ_W]/\
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M0)K%D+D0$F/]XZ%<XSRI'H/RJ31?#>D^'M/DL-,M/)M9'+M$TCR D@ _>)[
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M;<:R3+J.([Z\O4/G#G*&%>@X^G;IBMB\MX-3\6^-X]0UVZLTLU,UO&ER44N
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B>UU?^U(-&MTNPV\,,[5;KD+G:#[@5T=%%V%D%%%%(9__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
