Key Facts
SLX, the global steel-producer ETF, slipped 0.89% to US$105.48 as a proxy for investor appetite toward the sector.
Brazilian flat-steel maker CSN dropped 2.42% to US$0.9856 after its mining division missed earnings forecasts by a wide margin.
Gerdau’s New York ADRs ended flat at US$4.96 with a 0.00% move, reflecting a wait-and-see stance on Brazilian construction demand.
Ternium, the Mexico-centric producer, gained 0.26% to US$49.24, buoyed by its diversified footprint from Argentina to the United States.
