Ternium S.A. (TX)

Ternium is a leading steel producer in the Americas, supplying advanced steel products to a broad range of manufacturing industries and to the construction sector. Ternium S.A. is a Luxembourg société anonyme established in 2003. Its roots go back to Propulsora Siderúrgica, founded in Argentina in 1961. It listed ADSs in the United States through an initial public offering in January 2006. Its strategy rests on sophisticated value-added products, strategic growth opportunities and competitive industrial operations. Ternium also invests in steelmaking technologies to improve efficiency and reduce emissions intensity, and runs community programs, especially in education.

Ternium's operations are organized around its main steel markets and industrial centers. In Mexico, the Pesquería Industrial Center includes a hot-rolling mill, cold-rolling mills, galvanizing facilities, a painting line, a push-pull pickling line and finishing facilities. A new downstream project there adds a hot-dip galvanizing line, a cold-rolling mill and finishing lines. An electric-arc-furnace steel shop and a DRI module are under construction, with operations expected by the fourth quarter of 2026. Ternium Brasil, acquired in 2017, has 5.0 million tons of annual high-end slab capacity in Rio de Janeiro. Ternium also consolidates Usiminas, a leading Brazilian flat steel producer, since July 2023. In February 2026 Ternium increased its participation in the Usiminas control group to 83.1%. Ternium Argentina is integrated in the Argentine market, and Ternium Colombia produces long products and processes and distributes flat and long steel. Finishing lines and service centers in Guatemala, El Salvador, Nicaragua and Costa Rica extend its regional presence. Products include advanced high-strength and ultra high-strength steels for the automotive, transport and heavy machinery industries. Ternium also has a product research and development infrastructure.

Customers are mainly manufacturers, with the automotive industry a key target, and construction-sector buyers. Ternium's main markets are Mexico, Brazil, Argentina and Colombia. Mexico is described as having significant demand for advanced steel, with foreign producers covering roughly half of flat steel demand. Manufacturing customers account for about half of local flat steel consumption in Argentina. Ternium offers just-in-time delivery, inventory management and customized services through its service centers, distribution centers and commercial offices. Most customer orders are placed through its digital marketplace, Ternium Activo. Through the ProPymes program, it works with small and medium-sized customers and suppliers in Argentina and Mexico.

Ternium runs its industrial system on a unified IT platform, with centralized management of industrial engineering and automation, health and safety, and the environment. Its registered office is at 26 Boulevard Royal, Luxembourg. Environmental targets include a 15% reduction in emissions intensity per ton of hot-rolled steel by 2030 against a 2023 baseline. They also include a 40% renewable share of purchased electricity by 2030. Projects include a wind farm in Argentina, the EAF-DRI project in Pesquería and a scrapyard project in Brazil. Ternium competes with foreign steel producers, especially in Mexico, and operates technical schools in Pesquería, Mexico, and Santa Cruz, Brazil.