Latin American Steel Sinks on China Fears, Brazil Policy
Latin American steel stocks fell on Aug. 6 as investors worried about high-volume, low-priced Chinese steel exports and weak Brazil construction demand tied to high rates. The SLX steel ETF fell 1.09% to $108.80. Mexico’s Ternium fell 3.39% to $51.89, and Brazil’s CSN ADR dropped 3.86% to $0.9438, alongside declines in Gerdau and others.

