LUXEMBOURG, Nov 24, 2010 (MARKETWIRE via COMTEX) -- Ternium S.A. /quotes/comstock/13*!tx/quotes/nls/tx (TX 34.36, 0.00, 0.00%) announces that, following the expiration of the 15-day period available to Corporacion Venezolana de Guayana, or CVG, to cure any payment default under the agreements governing the transfer of Sidor to Venezuela, Ternium has not yet received the final installment of its compensation for that transfer. As of the date hereof, the aggregate compensation amount owed by CVG to Ternium equals US$255.6 million, plus interest.

Ternium reserves all of its rights under contracts, investment treaties and Venezuelan and international law in connection with the Sidor compensation payment still owing to it.