Steel Stocks Fall 3.5% as Mexico, Brazil Mills Slide | Steel Wrap, Nov 5
Steel stocks hit a six-month low on Thursday 5 November 2026 as Wall Street sank; Ternium fell 5.37% and Gerdau 4.57%. What it means for Latin America. The post Steel Stocks Fall 3.5% as Mexico, Brazil Mills Slide | Steel Wrap, Nov 5 appeared first on The Rio Times .
On November 5, 2026, Latin American steel stocks experienced their worst day in months as the overall stock market saw a significant downturn. Factors contributing to the decline included a widespread stock market rout and weak demand stemming from tariffs and competition from Chinese steel in Brazil. Ternium, a major producer in Mexico, was the weakest performer, closing at $48.64, while Gerdau from Brazil fell 16.2% below its peak price.
CSN, the odd one out among the three, remained relatively stable at $0.7799. The market's fear, as indicated by the VIX, played a significant role in the steel stocks' decline, as they tend to be more sensitive to economic downturns. History suggests that while steel stocks can be volatile, they have often bounced back in the long run.
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