Latin American steel offered a mixed picture on Monday. Ternium rose 1.67% while CSN's ADR dropped 3.18%. Weak Chinese demand and US tariffs framed the session.
Key Facts
The steel-producers ETF SLX settled at US$110.07, a barely positive move of plus 0.05% on the day.
Mexico’s Ternium advanced 1.67% to US$54.80, pacing gains among the region’s major steel names.
Brazil’s CSN saw its New York-traded ADR fall 3.18% to US$0.9004, marking the steepest decline on the monitor.
Brazil’s Gerdau edged up 0.40% to US$4.96, showing modest resilience in a generally cautious session.
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