ValuEngine cut Brazilian steel makers Gerdau (GGB) and CSN (SID) from the buy list this week.

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Below is a three month price history chart comparing the stock performance of GGB, versus VALE and TX.

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Gerdau S.A . ( GGB) is a Brazilian-based steel manufacturing company.

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According to the ETF Finder at ETF Channel, GGB makes up 4.89% of the Steel ETF (SLX)which is trading higher by about 0.5% on the day Thursday.

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According to the ETF Finder at ETF Channel, GGB makes up 4.61% of the Steel ETF ( AMEX: SLX )which is trading relatively unchanged on the day Wednesday.

FORBES: Shares of GGB Now Oversold

In Brazil, Constantini is neutral weight big names like Petrobras (PBR), overweight Vale and Bradesco (BBD) and underweight all of the steel companies like Gerdau (GGB) and CSN (SID) .

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According to the ETF Finder at ETF Channel, GGB makes up 4.86% of the Steel ETF ( AMEX: SLX )which is trading up by about 1.5% on the day Wednesday.

FORBES: GGB Makes Bullish Cross Above Critical Moving Average

According to the ETF Finder at ETF Channel, GGB makes up 5.48% of the Steel ETF ( AMEX: SLX) which is trading higher by about 3.5% on the day Tuesday.

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According to the ETF Finder at ETF Channel, GGB makes up 4.54% of the Steel ETF ( AMEX: SLX )which is trading lower by about 3.5% on the day Friday.

FORBES: GGB Crosses Critical Technical Indicator

According to the ETF Finder at ETF Channel, GGB makes up 4.47% of the Steel ETF ( AMEX: SLX )which is trading lower by about 2% on the day Friday.

FORBES: GGB Crosses Critical Technical Indicator