# Steel ETF Slips 0.55% as Ternium Falls 0.75%

> Steel shares drop as US dollar rises, weighing on cyclical stocks.
- Title: Steel ETF Slips 0.55% as Ternium Falls 0.75% · The Rio Times
- Summary: 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…
- Keywords: slx, ternium, gerdaus, usd, steel, ibovespa, cyclical stocks, dollar index, news, world, politics, ETF
- Source: The Rio Times — https://riotimesonline.com/steel-markets-latam-wednesday-october-14-2026
- Author: Diego Fernández
- Published: 2026-10-15T00:50:02+00:00
- Read time: 1 min
- Topics: slx, ternium, gerdaus, usd, steel, ibovespa, cyclical stocks, dollar index, news, world, politics
## 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.
## Key takeaway

Steel ETF SLX fell 0.55% to US$102.46 while Ternium dropped 0.75% to US$58.55 on Wednesday 14 October 2026.