Key Facts
The SLX steel-producers ETF rose 2.70% to US$106.43, capturing a broad rally in global steel equities despite the persistent overhang of cheap Chinese imports.
Brazilian long-steel specialist Gerdau climbed 2.06% to US$4.96, as investors bet on a firming domestic construction and infrastructure cycle.
Brazil’s integrated steel and mining group CSN bucked the trend, slipping 1.94% to US$1.01, weighed down by concerns over flat steel margins squeezed by dumped Chinese products.
Mexico-focused flat-steel producer Ternium advanced 2.18% to US$49.11, reflecting tight linkage to resilient North American automotive and industrial demand.
