By The Rio Times | Created at 2026-10-14 02:57:05 | Updated at 2026-10-14 05:08:38
4 hours ago
Key Facts
- Ternium rose 1.81% to US$58.99 on Tuesday 13 October, after a 0.41% fall on Monday.
- Gerdau rose 0.78% to US$5.18 and CSN fell 2.36% to US$1.24, so the Brazilian steelmakers split.
- The SLX steel ETF slipped 0.07% to US$103.03, a nearly flat day for the global group.
- Brazil’s exchange reopened after Monday’s holiday, and the Ibovespa fell 1.04%.
- We found no prediction market on steel, so this wrap uses share and fund prices only.
Today’s Focus
Latin America’s listed steelmakers moved in different directions on Tuesday 13 October. Ternium, the steelmaker with plants in Mexico, Argentina and Brazil, rose 1.81% to US$58.99.
Gerdau, Brazil’s largest long-steel producer, rose 0.78% to US$5.18. CSN, a Brazilian flat-steel and mining group, fell 2.36% to US$1.24.
The SLX fund of steel producers slipped 0.07% to US$103.03. We found no company announcement or tariff headline that explains the split.
What matters today. Gerdau and Ternium also run US plants, so their shares tie Latin American steel to American prices and trade policy.
01 The session in one read
Ternium led the group on Tuesday 13 October with a 1.81% gain. Gerdau added 0.78%, while CSN lost 2.36%.
The SLX fund barely moved. That means the group’s split came from company factors, not from the sector as a whole.
Assessment — A split group MEDIUM
Two gains, one sharp fall and a flat fund show company-specific trading. No sector headline explains it.
The variable to watch is whether CSN stabilises. It fell on both Monday and Tuesday.
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02 The board
Three steelmakers, three different stories. Ternium and Gerdau gained, and CSN fell the most.
CSN’s shares also depend on its iron-ore business, and iron-ore producers fell on Tuesday. Vale lost 1.11% in New York.
| Ternium | US$58.99 | +1.81% |
| Gerdau | US$5.18 | +0.78% |
| CSN (ADR) | US$1.24 | -2.36% |
| Steel ETF (SLX) | US$103.03 | -0.07% |
| US dollar index | 102.2 | -0.36% |
Source: RT close, 2026-10-13. 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 13, 2026 · 23:34
Ibovespa · benchmark
206,887.52 -1.04%
L 167,142day rangeH 168,310
+21.85% over 12 months
Market breadth · 5 names
60% advancing
3 ▲ advancing2 declining ▼
Currencies, rates & key inputs
Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil 206,887.52 -1.04%
S&P/BMV IPCMexico 67,147.36 +0.60%
S&P IPSAChile 11,020.01 -0.21%
S&P MERVALArgentina 2,869,151 +1.45%
MSCI COLCAPColombia 2,570.34 +1.55%
BVL S&P PerúPeru 60,645.95 -0.22%
Full instrument board
| IBOV | 206,887.52 | -1.04% | +21.85% | 209,066.90 | 168,310 | 167,142 | — |
| IPSA | 11,020.01 | -0.21% | — | 11,043.36 | 11,210 | 10,984 | 1,513,213,483 |
| IPC MEX | 67,147.36 | +0.60% | +12.17% | 66,746.78 | 66,121 | 65,405 | 108,886,187 |
| MERVAL | 2,869,151 | +1.45% | +30.51% | 3,022,485 | 3,042,365 | 2,991,150 | — |
| COLCAP | 2,570.34 | +1.55% | — | 9.04 | 9.05 | 9.02 | 4,133 |
| BVL PERÚ | 60,645.95 | -0.22% | — | — | — | — | — |
| 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%
COLCAP 2,570.34 +1.55%
MERVAL 2,869,151 +1.45%
USD/DOP 58.34 +1.25%
USD/UYU 40.27 +1.24%
IBOV 206,887.52 -1.04%
EUR/BRL 5.95 +1.01%
USD/CRC 445.92 +0.89%
The session read
The Ibovespa eased 1.04%, with breadth positive — 3 of 5 names higher. COLCAP led, while BVL PERÚ lagged.
G
◆ Live Company Intelligence
Gerdau
SA: GGBR4GGBR4Basic MaterialsSteel30,000 employees
Valuation & profitability
Market capR$50.40B
Revenue (TTM)R$69.54B
P / E ratio22.3
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$22.59
Revenue trend · 6y
20202025
Latest R$69.86B
Ownership
Institutions37.7%
Shares outstanding1.24B
Dividend
Yield3.2%
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 company announcement or tariff headline that explains Tuesday’s moves. The dollar index fell 0.36% to 102.2.
Brazil’s exchange reopened after the Monday holiday and the Ibovespa fell 1.04%. InfoMoney tied that fall to election caution and US-Iran tension.
04 The Latin American read
Brazil’s Gerdau and CSN and the Mexico-based operations of Ternium compete with cheap imports and depend on construction and car demand. Tariffs protect them only in part.
For US readers, Ternium and Gerdau also run US plants, so their shares are tied to American steel prices and trade policy. Tariff changes in Washington would reach them directly.
05 The names to watch
Gerdau is the largest Brazilian long-steel producer and has a large US business. Ternium serves the Mexican and wider Americas market.
CSN is a Brazilian flat-steel and mining group. Its ADR closed at US$1.24.
06 The outlook
The question is whether Brazilian steel shares follow the Ibovespa or the Ternium gain. We could not confirm a steel price move on Tuesday.
The next data points are company results and trade-policy news. US inflation data on Wednesday could also move industrial shares.
07 What to watch
- Trade policy: Steel tariffs in the United States and Latin America can reorder the winners.
- Car and construction demand: These two sectors drive steel sales.
- Company results: Third-quarter reports will show margins.
- US consumer prices: The September reading is due on Wednesday 14 October at 12:30 UTC (8:30 am ET).
Background: Steel ETF Falls 0.67% to US$103.10 as Gerdau Gains.
Background: Ibovespa Hits Record 209,067 as Real Gains.
More: Latin America news in English, every day from The Rio Times.
Frequently Asked Questions
Which steelmakers rose on 13 October?
Ternium rose 1.81% to US$58.99 and Gerdau rose 0.78% to US$5.18.
Why did CSN fall?
We found no company news. CSN fell 2.36% to US$1.24, and iron-ore producers also fell on the day.
What is the SLX fund?
SLX is the VanEck Steel ETF, which holds steel producers worldwide. It slipped 0.07% to US$103.03.
Are there prediction markets on steel?
We found none. This wrap relies on share and fund prices.
Market data: RT; São Paulo close: InfoMoney
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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