Key Facts
CSN ADR surged 8.65% to US$1.13, the strongest one-day gain among major Latin American steel names on Tuesday, September 1, 2026.
Gerdau shares rose 1.74% to US$4.69, modestly outperforming the SLX steel-producers ETF, which added 0.30% to US$108.34.
Ternium advanced 1.55% to US$55.67, reflecting Mexico’s tariff wall of up to 50% on non-FTA steel products and USMCA-linked auto demand.
Chinese steel holds 45.4% share of Latin America’s steel imports, keeping regional import penetration near 39.7% of consumption in 2025 despite tariff walls.
