SOURCE: Ternium S.A.

Ternium S.A.

November 24, 2010 07:30 ET

Ternium Updates Market on Status of Sidor Final Compensation Installment

LUXEMBOURG--(Marketwire - November 24, 2010) - Ternium S.A. (NYSE: TX) announces that, following the expiration of the 15-day period available to Corporación Venezolana de Guayana, or CVG, to cure any payment default under the agreements governing the transfer of Sidor to Venezuela, Ternium has not yet received the final installment of its compensation for that transfer. As of the date hereof, the aggregate compensation amount owed by CVG to Ternium equals US$255.6 million, plus interest.

Ternium reserves all of its rights under contracts, investment treaties and Venezuelan and international law in connection with the Sidor compensation payment still owing to it.

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 Mexico 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 nine million tons of finished steel products. More information about Ternium is available at www.ternium.com.