By The Rio Times | Created at 2026-10-16 01:11:20 | Updated at 2026-10-16 02:37:20
1 hour ago
Key Facts
- The SLX steel fund slipped 0.68% to US$101.76 on Thursday 15 October, after a 0.55% fall on Wednesday.
- Ternium fell 2.85% to US$56.88 and Gerdau 2.32% to US$5.05, while Nucor lost 0.94% and Cleveland-Cliffs 3.42%.
- ArcelorMittal rose 1.78% to US$63.60, showing that producers did not move together.
- Brazil’s Ibovespa fell 1.06%, while Mexico’s IPC rose 1.31%.
Today’s Focus
Steel stocks were mostly lower on Thursday 15 October. The SLX steel fund slipped 0.68% to US$101.76, and Ternium, which has plants in Mexico and Argentina, fell 2.85%.
Gerdau, a Brazilian steelmaker, fell 2.32%, while ArcelorMittal rose 1.78%. We found no steel-specific news for the day.
We have no confirmed steel price for the session, so the fund and producers are proxies.
What matters today. Brazil and Mexico are key steel markets in the region, and Thursday’s split shows that shares did not move together.
01 The session in one read
The SLX fund lost 0.68%, with Latin American producers falling more than the average. Ternium dropped 2.85% and Gerdau 2.32%, while Nucor lost 0.94%.
The Brazilian steelmaker Sider Nacional (CSN) ADR fell 4.96% to US$1.15, and Cleveland-Cliffs fell 3.42%.
Assessment — Latin American producers lagged LOW
Brazil’s weak market and a weaker real may explain part of the Gerdau and CSN falls. Ternium’s fall is unexplained by our data.
We could not confirm any steel-specific news.
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02 The board
The board shows a steel fund and producers in US dollars, since we have no confirmed steel price.
| SLX steel fund | 101.76 | -0.68% |
| Ternium (Mexico, Argentina) | 56.88 | -2.85% |
| Gerdau (Brazil) | 5.05 | -2.32% |
| Sider Nacional ADR (Brazil) | 1.15 | -4.96% |
| Nucor (US) | 254.69 | -0.94% |
| ArcelorMittal | 63.60 | +1.78% |
Source: RT close, 2026-10-15. Where a commodity has no spot feed, an exchange-traded tracker or leading producer is shown as a labelled proxy.
Rio Times · Live Market Intelligence
Latin America — Cross-Market Board
Regional
Oct 15, 2026 · 21:51
Ibovespa · benchmark
204,324.26 -1.06%
L 167,142day rangeH 168,310
+21.85% over 12 months
Market breadth · 5 names
80% advancing
4 ▲ advancing1 declining ▼
Currencies, rates & key inputs
Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil 204,324.26 -1.06%
S&P/BMV IPCMexico 67,180.21 +0.58%
S&P IPSAChile 10,971.88 +0.05%
S&P MERVALArgentina 2,859,051 +0.82%
MSCI COLCAPColombia 2,580.50 -0.07%
BVL S&P PerúPeru 59,543.73 +1.12%
Full instrument board
| IBOV | 204,324.26 | -1.06% | +21.85% | 206,505.98 | 168,310 | 167,142 | — |
| IPSA | 10,971.88 | +0.05% | — | 10,966.21 | 11,210 | 10,984 | 1,513,213,483 |
| IPC MEX | 67,180.21 | +0.58% | +12.17% | 66,790.35 | 66,121 | 65,405 | 108,886,187 |
| MERVAL | 2,859,051 | +0.82% | +30.51% | 3,022,485 | 3,042,365 | 2,991,150 | — |
| COLCAP | 2,580.50 | -0.07% | — | 9.04 | 9.05 | 9.02 | 4,133 |
| BVL PERÚ | 59,543.73 | +1.12% | — | — | — | — | — |
| USD/BRL | 5.16 | +0.01% | -5.13% | 5.16 | 5.18 | 5.14 | — |
| EUR/BRL | 5.95 | +1.01% | -5.83% | 5.89 | 5.98 | 5.94 | — |
| USD/MXN | 17.06 | -0.24% | -8.58% | 17.10 | 17.08 | 17.01 | — |
| USD/CLP | 913.98 | +0.04% | -5.67% | 913.65 | 915.11 | 906.68 | — |
| USD/COP | 3,140 | +0.03% | -22.04% | 3,139 | 3,141 | 3,105 | — |
| USD/PEN | 3.36 | -0.66% | -4.82% | 3.38 | 3.38 | 3.35 | — |
| USD/ARS | 1,493 | +0.10% | +12.96% | 1,491 | 1,494 | 1,480 | — |
| USD/UYU | 40.27 | +1.24% | +1.80% | 39.77 | 40.27 | 40.23 | — |
| USD/PYG | 5,939 | +1.68% | -19.54% | 5,841 | 5,939 | 5,925 | — |
| USD/BOB | 11.64 | -0.76% | +72.04% | 11.73 | 11.72 | 11.64 | — |
| USD/DOP | 58.34 | +1.25% | -3.44% | 57.62 | 58.34 | 58.04 | — |
| USD/CRC | 445.92 | +0.89% | -9.71% | 441.97 | 448.50 | 445.92 | — |
Largest moves today
USD/PYG 5,939 +1.68%
USD/DOP 58.34 +1.25%
USD/UYU 40.27 +1.24%
BVL PERÚ 59,543.73 +1.12%
IBOV 204,324.26 -1.06%
EUR/BRL 5.95 +1.01%
USD/CRC 445.92 +0.89%
MERVAL 2,859,051 +0.82%
The session read
The Ibovespa eased 1.06%, with breadth positive — 4 of 5 names higher. BVL PERÚ led, while COLCAP lagged.
G
◆ Live Company Intelligence
Gerdau
SA: GGBR4GGBR4Basic MaterialsSteel30,000 employees
Valuation & profitability
Market capR$50.89B
Revenue (TTM)R$69.54B
P / E ratio22.6
Profit margin3.2%
Return on equity4.2%
Price & risk
52-wk low
$16.6652-wk high
$27.13
Beta (volatility)0.89
200-day average$22.65
Revenue trend · 6y
20202025
Latest R$69.86B
Ownership
Institutions37.7%
Shares outstanding1.24B
Dividend
Yield3.0%
Payout ratio26.3%
Fwd. annual$0.92
What Gerdau does. Gerdau S.A., together with its subsidiaries, operates as a steel producer company. It operates through Brazil Business, North America Business, and South America Business segments. The company offers rebars, bars, wires, thick plates, hot rolled coils, billets, blooms, plates, wire rods, and structural profiles. It also provides special steel products for agricultural,…
03 What moved it
We found no steel-specific news for Thursday. Brazilian assets fell, which fits the declines in Gerdau and CSN.
Ternium’s 2.85% fall is not explained by Mexico, where the IPC rose 1.31% and the peso firmed.
04 The Latin American read
Brazil and Mexico are the region’s largest steel markets, and Argentina is also a producer through Ternium. The two main markets moved in opposite directions on Thursday.
Brazil fell 1.06% and Mexico rose 1.31%.
05 The names to watch
Gerdau and Ternium are the main US-listed Latin American steelmakers. CSN is a smaller, more volatile name.
ArcelorMittal and Nucor give global and US comparison.
06 The outlook
A confirmed steel price and Chinese output data would show whether the weakness is sector-wide. For now the Latin American names reflect local markets.
US trade policy on steel remains the main outside risk, though we saw no new decision on Thursday.
07 What to watch
- Steel price: We will report a confirmed steel price when one is available.
- Brazil: The IBC-BR activity index for August is due on Friday 16 October at 12:00 UTC.
- China: Steel output and export data would shape global prices.
- US data: US industrial production for September is due at 13:15 UTC on Friday 16 October, with a forecast of +0.4%.
Background: Steel ETF Slips 0.55% as Ternium Falls 0.75%.
Background: Mexico Stocks Rise 1.31% as Cemex Gains 5.1%.
More: Latin America news in English, every day from The Rio Times.
Frequently Asked Questions
Why did Latin American steel stocks fall on 15 October?
Ternium fell 2.85% and Gerdau 2.32%, while the SLX fund slipped 0.68%, according to RT. We found no steel-specific news.
Which steel stock rose?
ArcelorMittal rose 1.78% to US$63.60.
Does this wrap show the steel price?
No. We could not confirm a steel price for Thursday, so we show producers as proxies.
How did Brazil and Mexico differ?
Brazil’s Ibovespa fell 1.06% while Mexico’s IPC rose 1.31%.
Market data: RT/RT.
Daily series
← Previous session: October 14, 2026
This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief
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