Gerdau introduces recyclable steel into Formula 1 Sao Paulo Grand Prix

30 August 2023

Gerdau, Brazil's largest steel producer and a prominent manufacturer of specialty steel for the automotive sector, has unveiled an unprecedented collaboration with the SaoPaulo Grand Prix, a significant leg of the world's most prominent and beloved motor racing championship, scheduled to occur from November 3 to 5 at the Interlagos racetrack. In this partnership, Gerdau will serve as the official steel supplier for the event, offering a 100% recyclable product for the modernization of Interlagos circuit's structures, situated in Sao Paulo.

With a legacy spanning over 80 years of iconic Formula 1 races, the Interlagos circuit will receive Gerdau's 100% recyclable steel to fuel modernization endeavors, aligned with sustainability standards established by the Sao Paulo GP and Formula 1 guidelines. Among the enhancements will be the installation of a fixed steel structure system to facilitate the audio-visual broadcast of the race, encompassing the entirety of the circuit. All upgrades carried out within the sports arena will serve as a lasting legacy for Sao Paulo city and future events at the venue.

The announcement was unveiled during an event hosted at Gerdau's global headquarters in Sao Paulo on Wednesday morning (August 23), with the presence of key figures including Gustavo Werneck, CEO of Gerdau, Alan Adler, CEO of Sao Paulo Grand Prix, as well as journalists and honored guests.

Gustavo Werneck, CEO of Gerdau, expressed, "We take immense pride in participating in such an iconic event within Brazilian culture and sports, which is the Sao Paulo Grand Prix. With over 122 years of history, Gerdau has closely followed the evolution of the automotive industry, and this collaboration presents a remarkable opportunity to promote the production of 100% recyclable and cost-effective steel, providing a sustainable option for one of the world's premier sporting events, the Sao Paulo GP."

Alan Adler, CEO of the Sao Paulo Grand Prix, remarked, "Formula 1 has set clear targets to reduce carbon emissions. Sao Paulo Grand Prix feels privileged to be part of this crucial movement. We are not only participants but also advocates for the culture of sustainability. Therefore, we are delighted with the partnership we have established with Gerdau, a company that prioritizes the circular economy, material recycling, and environmental impact mitigation. These align with São Paulo GP's initiatives for environmental preservation."

The Gerdau steel designated for the event is the outcome of a process encompassing the scrap metal recycling chain, involving over one million individuals, including scrap collectors and cooperatives. Recycling, rooted in the concept of the circular economy, also boasts positive implications for climate change mitigation by conserving natural resources, reducing energy consumption, and curbing greenhouse gas emissions.

Gustavo Werneck concluded, "This unprecedented partnership with the Sao Paulo Grand Prix marks another stride in Gerdau's strategy to produce innovative steels that contribute to resolving society's dilemmas and challenges. Gerdau's steel, already applied across various automotive industry applications, now reaches the Brazilian round of the most prestigious and forward-looking category in global motorsport."

Gerdau stands as a global leader in specialty steel provision, a vital component for the automotive sector, with its production of low-carbon steel taking place at its industrial facilities in Brazil and the United States. The company is also the largest scrap recycler in Latin America and produces steel with emissions significantly lower than the global steel industry average, thanks to its sustainable production model rooted in scrap metal recycling.