{
  "id": 13279234,
  "title": "Steel ETF Gains 1.8% as Gerdau Jumps 4.1% | Steel, Oct 9",
  "url": "https://urgent.news/2026/10/10/steel-etf-gains-1-8-as-gerdau-jumps-4-1-steel-oct-9",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-10T00:56:44.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/steel-markets-latam-friday-october-9-2026/"
  },
  "original_language": "en",
  "account": "On October 9, steel stocks experienced a rise as markets rallied. The Steel Select ETF (SLX) increased by 1.81%, reaching US$103.80. Latin American producers, such as Gerdau, CSN, and Ternium, outperformed the fund. Gerdau, Brazil's largest steelmaker, saw a 4.07% rise in New York, while CSN gained 4.07% and Ternium gained 3.03%. Despite weak Chinese demand, the gains in steel stocks were observed. Kitco reported that only a small portion of Chinese steelmakers were profitable, indicating that Chinese mills may continue to export at low prices.",
  "summary": "The steel fund SLX rose 1.81% on 9 October as Brazil's Gerdau gained 4.07% and Mexico's Ternium 3.03%, though Chinese mill margins stay thin. The post Steel ETF Gains 1.8% as Gerdau Jumps 4.1% | Steel, Oct 9 appeared first on The Rio Times .",
  "key_points": [
    "Steel Select ETF (SLX) gains 1.81% on October 9",
    "Latin American steel producers outperform SLX",
    "Gerdau, Brazil's largest steelmaker, rises 4.07%"
  ],
  "editors_take": "The surge in Gerdau and other Latin American steel producers is helping drive gains in the Steel Select ETF, bucking the trend of weak Chinese demand hurting the industry.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}