Key Facts
Global steel proxy edges higher with the SLX steel-producers ETF last settling at 103.49 $ after a 1.63% daily gain.
Brazil’s long-steel bellwether Gerdau nudges up closing its latest session at 4.81 $ with a 0.84% daily rise, reflecting cautious optimism on construction demand.
CSN outperforms among Brazilian names ending the day at 1.08 $ after a 1.89% daily increase as investors bet on its mix of steel and mining exposure.
Flat-steel producer Ternium inches higher in Mexico finishing at 47.30 $ with a 0.34% daily gain, echoing a steady if unspectacular backdrop in auto and appliance demand.
