Gerdau expands open innovation to tackle steel mill challenges

Gerdau, a major steel producer, is increasingly using open innovation hubs to source solutions for specific industrial challenges, engaging with over 1,600 startups annually. The company joined Fiemg Lab, an innovation hub by the Federation of Industries of Minas Gerais, as the first industry participant. This reflects a broader corporate trend toward external innovation for disruptive technologies, though the direct market impact is limited.