Key Facts
Gerdau surged almost 6% its New York shares closed at US$4.97, up 5.97% on the session, leading the regional steel board higher.
SLX advanced 1.77% the VanEck Steel ETF ended Wednesday, September 2 at US$110.26 as global steel producers caught a tariff-driven bid.
CSN followed the rally the Brazilian flat-steel producer’s ADR finished at US$1.17, a 3.54% gain on the day in New York trading.
Ternium added 2.16% Mexico’s largest flat-steel name closed at US$56.87, supported by demand from the auto sector and Mexican import barriers.
