Key Facts

US-traded CSN ADR fell 6.07% to US$0.9299, the steepest drop on the proxy board as investors weighed fresh US tariff talk against cheap Chinese imports.

Gerdau’s New York shares gained 2.02% to US$5.06, buoyed by resilient Brazilian construction demand and a relatively low exposure to flat-steel import pressure.

Ternium’s US-listed stock added 1.02% to US$49.74, with the Mexican industrial recovery and robust auto output providing a floor under hemispheric longs and flats.

The SLX steel-producers ETF inched up 0.10% to US$105.59, a muted global move that masks a sharp divide between North American resilience and Latin American caution.