SOURCE: Ternium S.A.

Ternium S.A.

November 17, 2011 10:05 ET

Ternium Comments on Media Reports Involving Its Potential Acquisition of a Participation in Usiminas

LUXEMBOURG--(Marketwire - Nov 17, 2011) - In light of media reports that Ternium may be considering the acquisition of a participation in Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais S.A. -- USIMINAS, Ternium confirms that it is currently engaged in discussions with the members of Usiminas' control group involving the potential acquisition by Ternium or its affiliates of a minority interest in that group. Ternium, however, has not yet made any final decision on this potential transaction and at this time there exists no binding offer or agreement in this respect.

Forward-Looking Statements

Some of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products and other factors beyond Ternium's control.

About Ternium

Ternium is a leading steel company in Latin America, manufacturing and processing a wide range of flat and long steel products for customers active in the construction, home appliances, capital goods, container, food, energy and automotive industries. With its principal operations in México and Argentina, Ternium serves markets in the Americas through its integrated manufacturing system and extensive distribution network. The Company has an annual production capacity of approximately ten million tons of finished steel products. More information about Ternium is available at