Key Facts
Ternium led gains, closing at US$53.90 in New York, a jump of 3.87% on the session amid optimism over Mexico’s protection from Chinese imports.
Brazil’s Gerdau fell by 1.98% to US$4.94, bucking the wider steel ETF’s positive move as domestic construction demand remained patchy.
The SLX steel-producers ETF finished at US$110.02, a climb of 1.12%, helped by Ternium’s strength and steadiness in US industrial metals.
CSN’s US-listed ADRs slipped 1.06% to US$0.93, continuing a soft run for the Brazilian flat-steel specialist.
