Usiminas says controlling shareholder Ternium denies talks to take steelmaker private

Ternium said it routinely reviews strategic alternatives for its investments, including Usiminas.

Any future decision involving Usiminas shares would be disclosed to the market under applicable rules.

Usiminas said controlling shareholder Ternium has not approved any transaction to take the company private.

Ternium said it is not in talks or negotiations to delist Usiminas, calling media claims of a take-private plan untrue.