New York, Feb 17, 2026, 07:46 EST — Premarket
- Gerdau’s U.S. shares slipped roughly 3% ahead of the opening bell.
- Other steelmakers traded down before the U.S. cash session began.
- Attention now turns to Gerdau, with its results due out next week.
Gerdau S.A.’s U.S. shares lost roughly 3% before Tuesday’s open as steel stocks moved lower across the board. The ADRs traded at $4.12, down 2.9%. Nucor dropped about 2.9%, Steel Dynamics was off 3.9%, and Companhia Siderúrgica Nacional’s U.S. shares shed 6.6%.
U.S. markets are back in action after the Presidents Day break, with investors now facing a packed stretch of earnings reports and economic releases. According to the NYSE schedule, U.S. equities didn’t trade on Feb. 16 for Washington’s Birthday.
U.S. stock futures slipped early Tuesday, with traders digesting last week’s choppy action and renewed concerns over artificial intelligence-driven turmoil. “AI adoption is an overall positive rather than a negative,” Jefferies economist Mohit Kumar said. He pointed out the current moves are more about sector rotation than an outright pullback. Attention is also turning to this week’s U.S. personal consumption expenditures report. Reuters
Gerdau’s American depositary receipt (ADR), which trades in New York and tracks the steelmaker’s foreign shares, tends to swing alongside broader views on global economic growth and the construction sector.
The company’s operations span steel production and sales throughout the Americas, running mills in Brazil, the U.S., and Canada. It also owns iron ore mines in Minas Gerais, Brazil, its Reuters profile shows.
Investors seem to be moving beyond the daily market swings, zeroing in on numbers due next week. They’re watching the usual suspects: demand trends for long steel—key for construction—pricing strategies, and just how shifts in scrap and input costs will impact margins.
Guidance is just as critical as the headline numbers here. Traders are tuned in to any hints about volumes coming out of North America and Brazil, plus they’re watching closely for changes in how management talks about capital spending or plans for returning cash to shareholders.
The setup isn’t one-sided. If construction slows, steel prices dip, or raw material costs jump, those changes can hit a cyclical producer’s earnings fast — and the ADR, especially when the market’s leaning the wrong way, can swing hard.
Gerdau’s investor relations page has the company set to publish its full-year 2025 results on Feb. 23, with a conference call coming a day later, Feb. 24.
