Key Facts
Gerdau’s New York shares sank 5.44% to US$4.69 the steepest single-session drop among the region’s major steelmakers, as a broad Brazil sell-off punished the sector.
CSN’s ADR slid 3.71% to US$0.8666 continuing a painful run for the Brazilian mill dragged down by a sluggish domestic construction cycle and rising Chinese imports.
Ternium held firm, slipping just 0.20% to US$54.69 as the Mexico-based producer’s US-centric auto exposure and protected North American supply chains cushioned it from the sell-off.
The steel-producers ETF SLX fell 0.66% to US$109.34 reflecting a global risk-off tilt that hit Latin American industrial metals harder than their US and Asian peers.
