New York, Feb 17, 2026, 07:46 EST — Premarket
- Gerdau’s U.S.-listed shares were down about 3% in premarket trading.
- Other steelmakers were also lower ahead of the U.S. cash open.
- Focus is shifting to Gerdau’s scheduled results release next week.
Gerdau S.A.’s U.S.-listed shares fell about 3% in premarket trade on Tuesday, tracking a broad dip in steel names ahead of the opening bell. The ADRs were down 2.9% at $4.12, while Nucor and Steel Dynamics slipped about 2.9% and 3.9%, and Companhia Siderúrgica Nacional’s U.S.-listed shares fell about 6.6%.
The move comes as U.S. markets reopen after Monday’s Presidents Day holiday, leaving investors to reset positions into a busy week for earnings and data. The NYSE schedule shows U.S. equities were closed on Feb. 16 for Washington’s Birthday. (Nyse)
Futures on the main U.S. indexes were lower earlier on Tuesday, as investors weighed last week’s volatility and fresh worries about disruption tied to artificial intelligence. “AI adoption is an overall positive rather than a negative,” said Mohit Kumar, economist at Jefferies, adding the debate looks more like a rotation than a broad risk-off trade, while markets also look ahead to the U.S. personal consumption expenditures report later this week. (Reuters)
Gerdau trades in New York as an American depositary receipt (ADR) — a U.S.-listed certificate that represents shares in a foreign company — and it often moves with sentiment on global growth and construction.
The company produces and sells steel products across the Americas, with mills in markets including Brazil, the United States and Canada, and it also operates iron ore mines in Brazil’s Minas Gerais state, according to its Reuters profile. (Reuters)
Investors are now looking past the day-to-day tape and toward next week’s numbers. The pressure points are familiar: demand for long steel, which is used heavily in construction, pricing discipline, and how scrap and other input costs flow through to margins.
Guidance will matter as much as the headline figures. Traders will be listening for signals on volumes in North America and Brazil, and any shift in management’s tone on capital spending and shareholder returns.
But the setup cuts both ways. A weaker construction backdrop, a slide in steel prices, or a cost squeeze from raw materials can land quickly in earnings for a cyclical producer — and the ADR can move sharply when expectations are leaning the wrong way.
Gerdau’s corporate calendar schedules the release of its full-year 2025 financial statements for Feb. 23, followed by a conference call on Feb. 24, according to its investor relations materials.
