Brazil · BUSINESS
Key Facts
—What happened Ternium wants to take Usiminas private and delist it, O Globo’s Lauro Jardim reported on 24 August 2026.
—Market reaction Usiminas shares jumped more than 7% on Monday morning and entered a trading auction on the São Paulo exchange.
—The backdrop Ternium agreed to buy control of Usiminas in 2023 and acquired the remaining Nippon Steel and Mitsubishi stakes in 2025.
