Key Facts
- The VanEck Steel ETF (SLX) slipped 0.05% to US$103.36 on Wednesday 21 October.
- CSN, Brazil’s steelmaker, fell 5.17% to US$1.10 in New York, the weakest of the names we track.
- Ternium, the Mexico-based steelmaker, fell 1.29% to US$58.92.
- Gerdau, Brazil’s long-steel maker, was flat at US$5.24.
- We could not confirm a steel price for the day, so this wrap reports shares and funds only.
Today’s Focus
Latin American steel shares closed mostly lower on Wednesday 21 October. CSN’s New York shares fell 5.17% to US$1.10, and Ternium lost 1.29% to US$58.92.
Gerdau finished flat at US$5.24. The VanEck Steel ETF, a broad fund of global steel producers, slipped 0.05% to US$103.36.
We could not confirm a steel price for the day. Our economic calendar listed no top-tier China release.
What matters today. Brazilian and Mexican steel shares were weak on a day when Brazil’s stock market fell 0.86%.
01 The session in one read
Latin American steel shares closed mixed to lower. CSN’s New York shares dropped 5.17% to US$1.10, the steepest fall of the names we track.
Ternium slipped 1.29% to US$58.92, while Gerdau finished flat at US$5.24.
Assessment — Brazil’s CSN leads a weak day MEDIUM
CSN fell sharply, Ternium eased and Gerdau was flat. The global fund barely moved, so the weakness was regional rather than worldwide. We could not confirm a trigger or a steel price. The variable to watch is whether CSN’s fall repeats, since the stock trades near US$1.
02 The board
CSN fell 5.17% to US$1.10 in New York. Ternium eased 1.29% to US$58.92 and Gerdau held at US$5.24.
The VanEck Steel ETF (SLX) dipped 0.05% to US$103.36, showing that global steel shares were steady.
| Asset | Level | Change |
|---|---|---|
| Steel (SLX ETF) | US$103.36 | -0.05% |
| Gerdau | US$5.24 | +0.00% |
| CSN (ADR) | US$1.1 | -5.17% |
| Ternium | US$58.92 | -1.29% |
Source: RT close, 2026-10-21. Where a commodity has no spot feed, an exchange-traded tracker or leading producer is shown as a labelled proxy.
Live Market IntelligenceThe live market boardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.
Rio Times · Live Market Intelligence
Latin America — Cross-Market Board
Regional
Oct 21, 2026 · 21:58
Ibovespa · benchmark
206,495.23 -0.86%
L 167,142day rangeH 168,310
+21.85% over 12 months
Market breadth · 4 names
75% advancing
3 ▲ advancing1 declining ▼
Currencies, rates & key inputs
USD / BRL
5.16
+0.01%
USD / MXN
17.06
-0.24%
USD / CLP
913.98
+0.04%
USD / COP
3,140
+0.03%
USD / ARS
1,493
+0.10%
Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil 206,495.23 -0.86%
S&P/BMV IPCMexico 69,583.42 +0.47%
S&P IPSAChile 10,985.55 +0.54%
S&P MERVALArgentina 3,017,221 —
MSCI COLCAPColombia 2,560.37 +1.07%
BVL S&P PerúPeru 59,870.67 -0.52%
Full instrument board
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IBOV | 206,495.23 | -0.86% | +21.85% | 208,295.98 | 168,310 | 167,142 | — |
| IPSA | 10,985.55 | +0.54% | — | 10,926.50 | 11,210 | 10,984 | 1,513,213,483 |
| IPC MEX | 69,583.42 | +0.47% | +12.17% | 69,258.58 | 66,121 | 65,405 | 108,886,187 |
| MERVAL | 3,017,221 | — | +30.51% | 3,022,485 | 3,042,365 | 2,991,150 | — |
| COLCAP | 2,560.37 | +1.07% | — | 9.04 | 9.05 | 9.02 | 4,133 |
| BVL PERÚ | 59,870.67 | -0.52% | — | — | — | — | — |
| 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%
COLCAP 2,560.37 +1.07%
EUR/BRL 5.95 +1.01%
USD/CRC 445.92 +0.89%
IBOV 206,495.23 -0.86%
USD/BOB 11.64 -0.76%
The session read
The Ibovespa eased 0.86%, with breadth positive — 3 of 4 names higher. COLCAP led, while BVL PERÚ lagged.
Live Company IntelligenceGerdau S.A — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
G
◆ Live Company Intelligence
Gerdau
SA: GGBR4GGBR4Basic MaterialsSteel30,000 employees
R$51.50B
Market cap
Valuation & profitability
Market capR$51.50B
Revenue (TTM)R$69.54B
P / E ratio23.2
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$22.72
Revenue trend · 6y
20202025
Latest R$69.86B
Ownership
Institutions37.8%
Shares outstanding1.24B
Dividend
Yield3.1%
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 could not confirm a trigger. No steel price, tariff decision or company announcement for 21 October is verified in our data.
Brazil’s Ibovespa fell 0.86% on election nerves, which may have added to the pressure on local shares.
04 The Latin American read
Brazil’s Gerdau and CSN and Mexico’s Ternium are the regional steel names we track. Their results depend on construction, car-making and the price of imports.
CSN’s 5.17% fall was far larger than Ternium’s or Gerdau’s moves, so it looks company-specific or driven by its low share price.
05 The names to watch
The SLX fund gives investors a broad view of global steel producers. On Wednesday it was almost unchanged, so the regional moves were not part of a global trend.
06 The outlook
The next sessions will show whether CSN’s fall extends. Gerdau and Ternium are steadier names, and a move in either would be a stronger signal for the sector.
07 What to watch
- CSN: Whether the 5.17% fall repeats on Thursday.
- Ternium and Gerdau: Steadier names; a move in either would be a stronger signal.
- The SLX fund: A fall would show the weakness has spread beyond Latin America.
- Brazil’s runoff: The 25 October vote is a risk for local shares.
Frequently Asked Questions
Why did CSN fall on 21 October?
CSN’s New York shares fell 5.17% to US$1.10. We could not confirm a single trigger.
Do you report a steel price?
Not today: we could not verify a steel price for 21 October.
What is SLX?
The VanEck Steel ETF, a fund holding steel producers around the world.
Which Latin American steelmakers do you track?
CSN and Gerdau in Brazil and Ternium in Mexico, all listed in New York.
Market data: RT
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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