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2 clusters · 5 sources · 12 days · First seen · Last updated

Ternium steel industry developments

Overview

Ternium, an integrated steel manufacturer, has been linked to potential restructuring of its holdings in Brazil. Reports indicate the company is considering taking Usiminas, Brazil’s leading flat-steel producer, private and delisting it from the stock exchange. This follows Ternium’s previous acquisition of control over Usiminas in 2023 and the completion of stake acquisitions from Nippon Steel and Mitsubishi in 2025.

While no formal offer or timetable has been published, the reports caused Usiminas shares to rise by more than 7% on the São Paulo exchange. Any delisting would require approval from minority shareholders and a formal filing with Brazil’s securities regulator.

Separately, Ternium S.A. has seen increased institutional investment. Financial disclosures show that Nykredit A/S acquired a stake valued at approximately $14.3 million in the second quarter, alongside modifications to holdings by firms such as JPMorgan Chase & Co., EverSource Wealth Advisors LLC, and Parallel Advisors LLC.

Entities

Ternium · Nykredit A/S · Usiminas · Mitsubishi · JPMorgan Chase & Co.

Timeline

  1. 6 days ago

    [BUSINESS] 2 sources
    Ternium S.A. sees increased institutional investment

    Ternium S.A., a major Latin American steel producer, has seen increased interest from institutional investors, including a significant new stake acquisition by Nykredit A/S.

  2. 18 days ago

    [BUSINESS] 3 sources
    Ternium reportedly plans to take Usiminas private

    Ternium reportedly plans to take Brazil’s largest flat-steel maker, Usiminas, private, causing shares to jump over 7% amid speculation of a potential delisting.

Sources

ad-hoc-news.de · guiadoinvestidor.com.br · mobile.valor.com.br · riotimesonline.com · stocknews.com