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LatAm Steel: Ternium Gains, CSN Slides on China
Latin American steel wrapped: Ternium rose on Mexican auto demand while CSN's ADR fell on Brazil tariff fears. Gerdau, SLX and cheap Chinese imports in.
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Timeline cronologica
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Latin Steel Wrap: CSN Slides, Ternium Steady on China Fears
Latin American steel proxies diverge: CSN drops 2.42% on earnings while Gerdau stalls at US$4.96. Ternium edges up 0.26% as investors digest cheap Chinese impor
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Iron Ore Wrap: Vale ADR Edges up as China Demand Steadies
Vale's New York shares rose 0.47% to US$15.06 on Friday, while Rio Tinto fell 0.34% and CSN Mineração slipped 0.17%, on mixed signals from China's steel.
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Steel Wrap: SLX Slips as Gerdau Holds, Ternium Edges Up
Latin American steel equities eased on Friday as the SLX fund slipped 0.89%, with Gerdau flat and Mexico's Ternium up 0.26% despite cheap Chinese imports.
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Iron Ore Slides as Vale ADR Falls 3.19% to US$14.58 on China Demand Fears
Iron ore proxies steadied Tuesday with Vale's NYSE shares at US$14.22, as markets weighed China's construction orders and modest stimulus hopes. CSN.
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LatAm Steel: Ternium Gains, CSN Slides on China
Latin American steel wrapped: Ternium rose on Mexican auto demand while CSN's ADR fell on Brazil tariff fears. Gerdau, SLX and cheap Chinese imports in.
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China Steel Demand Lifts Brazilian Miner Vale, Iron Ore Prices
Vale's New York shares rose to US$14.83, pulling CSN Mineração and Rio Tinto higher, as investors bet on renewed Chinese construction and infrastructure demand