Key Latin American stock markets finished lower Friday, unable to log gains after U.S. automakers won an emergency-loan package from the government after months of volatile negotiations.
Brazil's Bovespa fell 1% to 39,131.23, and Mexico's IPC lost 0.6% to 22, 221.64.
Argentina's Merval lost 1.7 % to end at 1,093.57, and Chile's IPSA shed 0.2% to 2,346.46.
Brazil's oil heavyweight Petrobras (PBR) shed 0.6%.
All steel stocks ended lower. Vale (RIO) fell 0.4% and Usiminas lost 0.2%. Gerdau (GGB) shares fell 1.8%, and Companhia Siderurgica Nacional (SID) fell 1.9%.
Moody's Investors Services, which revised outlooks on Gerdau, Gerdau Ameristeel Corp. and CSN's backed notes to stable from positive, said its actions reflect expectations for weakened debt protection metrics as well as rapid deterioration of steel-industry conditions worldwide, said Moody's.
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