Ternium’s subsidiary Ternium Investments S.à r.l. completed the purchase of 153.1 million Usiminas ordinary shares from Nippon Steel Corporation and Mitsubishi Corporation for $315.2 million in cash, finalizing the transaction disclosed on November 5, 2025. This closes the deal to increase Ternium’s holding within the Usiminas control group.

The $315.2 million cash outlay is expected to draw on existing liquidity, with potential effects on Ternium’s free cash flow and leverage metrics in the current fiscal period. Management will likely review capital allocation priorities and debt levels following the acquisition.

By securing additional shares, Ternium strengthens its influence over Brazilian steel operations, aligning with its aim to expand market presence in the Americas. The deeper control supports integration of low-carbon emissions technologies and may unlock operational synergies across both organizations.