Steel Fund Falls 1.35% as Brazil’s CSN Hits 12-Month Low

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On November 3, 2026, the steel-producers ETF fell 1.35% to US$99.19, marking its lowest close in at least three months despite a 0.36% rise in the S&P 500. Brazilian firm CSN saw its New York shares drop 0.86% to a 12-month low of US$0.7138, while Mexico’s Ternium slipped 0.94% to US$51.65 due to US steel tariffs and weak regional demand. Conversely,…

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