Brazilian and Mexican steel shares diverged Friday as tariff shields held. CSN fell 3.17% while Gerdau rose and Ternium steadied.
Key Facts
CSN fell sharply the New York-traded shares dropped 3.17% to US$1.22 in Friday’s session.
Gerdau edged higher the US-listed stock rose 0.40% to US$4.97 on September 4, 2026.
Ternium was almost flat the Mexican producer’s US shares inched up 0.03% to US$58.00.
Brazil’s tariff shield holds a 25% tariff on 23 steel products above quota runs through June 2027.
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