Gerdau(GGB) - 2023 Q1 - Quarterly Report

Exhibit 99.1 GERDAU S.A. Condensed consolidated interim financial statements as of March 31, 2023 GERDAU S.A. CONSOLIDATED BALANCE SHEETS In thousands of Brazilian reais (R$) (Unaudited) | | Note | March 31, 2023 | December 31, 2022 | | --- | --- | --- | --- | | CURRENT ASSETS | | | | | Cash and cash equivalents | 4 | 2,581,882 | 2,475,863 | | Short-term investments | 4 | 3,243,455 | 2,959,135 | | Trade accounts receivable | 5 | 5,999,188 | 4,999,004 | | Inventories | 6 | 17,184,069 | 17,817,585 | | Tax cre ...