Key Facts
The SLX steel-producers ETF fell 0.89% to US$105.48, reflecting global pressure on mill margins from a flood of cheaper Asian exports undermining local prices.
Brazilian heavyweight CSN saw its ADR drop 1.98% to US$0.99, while peer Gerdau held flat at US$4.96 as investors weighed the impact of domestic tariff protections.
Mexico’s Ternium edged up 0.26% to US$49.24, finding support from nearshoring-driven industrial building and solid auto-sector supply contracts under USMCA rules.
China’s finished steel exports exceeded 90 million tonnes in 2025, prompting Brazil and Mexico to renew anti-dumping duties aimed at shielding local mills like Gerdau and Usiminas.
