Ternium to buy out Nippon, Mitsubishi for increased stake in Usiminas
Latin American steelmaker Ternium SA is increasing its stake in Brazilian flat-rolled steel producer Usiminas.
Tag: Usiminas
CRU: Usiminas may reduce capex unless government strengthens protection
“The lack of effective measures to create fair competition, amid a surge in subsidized imports, is the main threat to the sustainability of Brazil’s steel industry and its value chain,” CEO Marcelo Chara said.
Ternium Mexico’s shipments slip but upturn expected
Destocking at service centers and a downturn in steel pricing impacted Ternium’s shipments in Mexico in the first quarter of the year.
Ternium sees earnings soar in Q4, expects increasing Mexican steel demand
Latin American steelmaker Ternium posted a strong uptick in earnings in its fourth quarter, and sees increasing steel demand growth in Mexico.
CRU: Usiminas restarts blast furnace in challenging market
Brazilian steel maker Usiminas has resumed operations at blast furnace (BF) No. 3 at its Ipatinga works in the state of Minas Gerais. The restart comes after a BRL2.7-billion ($546-million) refurbishment on the unit, which has capacity of three million metric tons (mt) per year.
Ternium Bullish on Mexico and Increased Stake in Usiminas
Latin American flat-rolled steelmaker Ternium is seeing strong demand in Mexico, its main market. With its new mill in Pesquería, Mexico, up and running, more lines there set to come online, and the company now holding an increased stake in Brazilian mining and steel company Usiminas, Luxembourg-based Ternium is optimistic about the future direction of the company.