Key Facts
Gerdau’s New York shares fell to US$4.33, a drop of 2.91% that reversed recent tariff-driven optimism as investors focused on soft Brazilian construction demand.
The global steel producers ETF SLX closed at US$104.80, down 1.78% on the session, showing the broader sector-wide pressure from cheap Chinese exports.
CSN’s ADR bucked the trend, climbing 1.28% to US$0.8913, supported by February’s five-year anti-dumping duties that shield Brazilian flat steel from Chinese sheet imports.
Ternium finished up 0.39% at US$54.21, as Mexico’s nearshoring boom and USMCA-linked auto orders provided a cushion against regional weakness.
