Key Facts
SLX, the steel-producers ETF, gained to 101.67 $ on 2026-07-22, up +1.26% day on day, making the global steel benchmark the cleanest read-through for the sector.
Gerdau also rose to 4.77 $, up +2.80% day on day, while CSN climbed to 1.09 $, up +9.00% day on day, showing Brazilian mills outperformed the broader market.
Ternium advanced to 46.25 $, up +3.14% day on day, extending the Mexican steelmaker’s role as the region’s main listed proxy for domestic steel demand.
Cheap Chinese imports remain the core overhang Latin American steel imports fell 8.6% year on year in March 2026 to 2.5 million tonnes, and were 1.2% lower in the first quarter at 7.6 million tonnes.
