EconomicUnited States·27 Oct 2026
Brazilian Steelmakers CSN and Gerdau Shares Decline in New York
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On October 26, 2026, Brazilian steelmakers experienced significant declines on the New York Stock Exchange, with CSN falling 22.73% and Gerdau dropping 6.86%. These losses occurred alongside a 13.88% crash in Brazil’s Ibovespa index and an 8.79% surge in the U.S. dollar against the real following the re-election of Lula. The divergence between the steep…
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Rio Times
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