Ternium books $71.5 million charge tied to Usiminas litigation in Brazil

Reuters2026/08/05 10:45

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Ternium faces a Brazil lawsuit by CSN tied to a 2012 Usiminas stake purchase, seeking indemnification tied to alleged tag-along tender-offer obligations.
Brazil’s Superior Court of Justice reversed its earlier stance in June 2024, ordering indemnification; it reaffirmed the ruling in December 2024.
Potential exposure as of June 30, 2026: BRL 2.29 billion (USD 442.5 million) for Ternium Investments, BRL 810.9 million (USD 156.6 million) for Ternium Argentina.
An extraordinary appeal was filed to Brazil’s Supreme Federal Tribunal in February 2025; one related appeal remains pending there.
A USD 71.5 million provision was recorded in the first half of 2026, lifting the balance-sheet provision to USD 599.1 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ternium SA published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001342874-26-000046), on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Ternium books $71.5 million charge tied to Usiminas litigation in Brazil

You may also like

Crypto prices