From The Rio Times · Diego Fernández · · 1m 20s
Steel ETF Slips 0.55% as Ternium Falls 0.75%
Steel shares drop as US dollar rises, weighing on cyclical stocks.
In brief
Steel shares drop as US dollar rises, weighing on cyclical stocks. Steel ETF SLX fell 0.55% to US$102.46 while Ternium dropped 0.75% to US$58.55 on Wednesday 14 October 2026. Originally reported by The Rio Times.
Steel ETF Slips 0.55%
The SLX steel fund fell 0.55% to US$102.46 on Wednesday 14 October 2026.
Ternium Falls 0.75%
Ternium dropped 0.75% to US$58.55 and Gerdau fell 0.19% to US$5.17.
Brazil’s Usiminas Loses 4.76%
Brazil’s Usiminas fell 4.76% in São Paulo, listed among the biggest fallers on the Ibovespa.
US Inflation Beats Forecast
US inflation of 3.7% beat the 3.6% forecast, lifting the dollar and weighing on cyclical stocks.
China’s Producer Prices Rise
China’s producer prices rose 5.0% in September from a year earlier, above the 4.5% forecast.
Latin American Markets Drop
Brazil’s Ibovespa fell 0.18% with breadth negative, and Mexico’s IPC dropped 0.26%.
What Moves Steel Shares
Steel shares follow the dollar and Chinese demand signals, with US retail sales as the next test.
Key Market Data
The dollar index rose 0.34% to 102.5, while USD/BRL increased 0.01%.
What to Watch Next
China’s steel output and property data will show if firm prices last, and US retail sales on Thursday 15 October at 12:30 UTC are the next test.
In short
Steel ETF SLX fell 0.55% to US$102.46 while Ternium dropped 0.75% to US$58.55 on Wednesday 14 October 2026.
