Latin America Steel Wrap: Ternium Surges, Gerdau Dips
Ternium jumps 3.87% as steel tariffs bite, while Gerdau drops 1.98%. A concise, plain-English read on Latin American steel stocks for foreign investors, coverin The post Latin America Steel Wrap: Ternium Surges, Gerdau Dips appeared first on The Rio Times .
Latin American steel stocks saw a sharp split on Friday, August 7, 2026. Mexico's Ternium surged 3.87% to US$53.90 while Brazil's Gerdau dropped 1.98% to US$4.94. The steel-producers ETF, SLX, rose 1.12% to US$110.02. The positive mood was driven by the fact that trade barriers could shield Mexican steel from cheaper Chinese steel, according to investors.
The positive momentum did not lift all boats in the sector as CSN's ADR eased 1.06% to US$0.93. The key takeaway today is that Mexican steel has a clear edge over Brazilian rivals due to tariff protection and North American factory demand. Brazilian producers are still waiting for recovery as their local building sector has yet to turn around.
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