Geopolitics Alpha

Mexican Steel Imports from Asia Fall as More US Supplies Sought

Published . Updated .

Key takeaways

  • Exposed: SLX, AAXJ, EWW, NUE, STLD
  • Market reaction: AAXJ −1.6% on the day; MT −2.8% on the day; ATI +1.5% on the day

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GEOPOLITICS ALPHAMexican Steel Imports from AsiaFall as More US Supplies SoughtGEOPOLITICS ALPHA

This report is about steel and Asia.

Directly affected

  • No company is named in this report.

Indirectly affected

  • SLX VanEck Steel ETF-0.3% 11d

    VanEck Steel ETF: it holds steelmakers. Linked by “steel” (steel) in this story.

  • AAXJ iShares MSCI All Country Asia ex Japan ETF-9.5% 8d

    iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asia”).

  • EWW iShares MSCI Mexico ETF+0.8% 6d

    iShares MSCI Mexico ETF holds stocks listed in Mexico, which this story is about (“mexican”).

  • NUE Nucor+10.8% 30d

    Nucor (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story.

  • STLD Steel Dynamics+5.7% 30d

    Steel Dynamics (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story.

  • CLF Cleveland-Cliffs+7.3% 30d

    Cleveland-Cliffs (metal mining): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story.

  • MT ArcelorMittal S.A

    ArcelorMittal S.A is a steel company in the watchlist universe. Linked by “steel imports” in this story

  • ATI Ati-1.9% 30d

    Ati (steel pipe and tubes): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
SLX-3.13%+0.00%base—after closeafter closeafter close
AAXJ-7.07%-1.95%base-1.60%after closeafter closeafter close
EWW-2.12%-0.23%base-0.14%after closeafter closeafter close
NUE-6.01%-4.67%base-0.21%after closeafter closeafter close
STLD-7.23%-4.84%base-0.80%after closeafter closeafter close
CLF-14.23%-6.70%base-0.61%after closeafter closeafter close
MT-8.69%-2.93%base-2.78%after closeafter closeafter close
ATI-10.20%-1.49%base+1.46%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Mexican Steel Imports from Asia Fall as More US Supplies Sought Bloomberg.com

Source: Bloomberg

How far Vaneck Etf Trust (SLX) has moved since 12 Nov 2026

CompanyWhenMoveStatus
Ishares Msci Asia Ex-Japan (AAXJ)that day-1.60%final price
Ishares Msci Asia Ex-Japan (AAXJ)three days earlier-1.95%final price
Ishares Msci Asia Ex-Japan (AAXJ)five days earlier-7.07%final price
Ati (ATI)that day+1.46%final price
Ati (ATI)three days earlier-1.49%final price
Ati (ATI)five days earlier-10.20%final price
Cleveland-Cliffs (CLF)that day-0.61%final price
Cleveland-Cliffs (CLF)three days earlier-6.70%final price
Cleveland-Cliffs (CLF)five days earlier-14.23%final price
Ishares (EWW)that day-0.14%final price
Ishares (EWW)three days earlier-0.23%final price
Ishares (EWW)five days earlier-2.12%final price
ArcelorMittal (MT)that day-2.78%final price
ArcelorMittal (MT)three days earlier-2.93%final price
ArcelorMittal (MT)five days earlier-8.69%final price
Nucor (NUE)that day-0.21%final price
Nucor (NUE)three days earlier-4.67%final price
Nucor (NUE)five days earlier-6.01%final price
Vaneck Etf Trust (SLX)three days earlier0.00%final price
Vaneck Etf Trust (SLX)five days earlier-3.13%final price
Steel Dynamics (STLD)that day-0.80%final price
Steel Dynamics (STLD)three days earlier-4.84%final price
Steel Dynamics (STLD)five days earlier-7.23%final price

Members of Congress who traded Vaneck Etf Trust (SLX) near this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Vaneck Etf Trust (SLX)

Companies mentioned with this story

  • SLX Vaneck Etf Trust

    Vaneck Etf Trust (SLX) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Mexican Steel Imports from Asia Fall as More US Supplies Sought.” Reason on file: VanEck Steel ETF: it holds steelmakers. Linked by “steel” (steel) in this story

  • AAXJ Ishares Msci Asia Ex-Japan

    In “Mexican Steel Imports from Asia Fall as More US Supplies Sought,” Ishares Msci Asia Ex-Japan (AAXJ) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asia”)

  • EWW Ishares

    In “Mexican Steel Imports from Asia Fall as More US Supplies Sought,” Ishares (EWW) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Mexico ETF holds stocks listed in Mexico, which this story is about (“mexican”)

  • NUE Nucor

    In “Mexican Steel Imports from Asia Fall as More US Supplies Sought,” Nucor (NUE) is linked, with no stored direction, medium confidence. Reason on file: Nucor (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story

  • STLD Steel Dynamics

    In “Mexican Steel Imports from Asia Fall as More US Supplies Sought,” Steel Dynamics (STLD) is linked, with no stored direction, medium confidence. Reason on file: Steel Dynamics (steel works, blast furnaces and rolling mills (coke ovens)): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story

  • CLF Cleveland-Cliffs

    Cleveland-Cliffs (CLF) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Mexican Steel Imports from Asia Fall as More US Supplies Sought.” Reason on file: Cleveland-Cliffs (metal mining): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story

  • MT ArcelorMittal

    ArcelorMittal (MT) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Mexican Steel Imports from Asia Fall as More US Supplies Sought.” Reason on file: ArcelorMittal S.A is a steel company in the watchlist universe. Linked by “steel imports” in this story

  • ATI Ati

    Ati (ATI) is linked, with no stored direction, medium confidence in the 12 Nov 2026 story “Mexican Steel Imports from Asia Fall as More US Supplies Sought.” Reason on file: Ati (steel pipe and tubes): steel prices and trade rules drive steelmakers' profits. Linked by “steel” (steel) in this story

Vaneck Etf Trust (SLX)

Vaneck Etf Trust (SLX) is the company in “Mexican Steel Imports from Asia Fall as More US Supplies Sought,” the 12 Nov 2026 this story story.

For Vaneck Etf Trust (SLX), the reason on file says VanEck Steel ETF: it holds steelmakers. Linked by “steel” (steel) in this story

A second company, Ishares Msci Asia Ex-Japan (AAXJ), is listed for a different reason: iShares MSCI All Country Asia ex Japan ETF holds stocks listed in Asia, which this story is about (“asia”)

Dates and price levels for Vaneck Etf Trust (SLX)

AAXJ traded between 106.27 and 119.65 across 6 sessions. The latest close on file is 107.13. EWW traded between 71.23 and 73.53 across 6 sessions. The latest close on file is 73.26. SLX traded between 101.26 and 105.17 across 10 sessions. The latest close on file is 103.58.

A simple score for Vaneck Etf Trust (SLX)

46 out of 100

“Mexican Steel Imports from Asia Fall as More US Supplies Sought” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.