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During Ternium’s March Investor Day held recently, management detailed strategic plans, including the company’s expectation to capitalize on growing Latin American steel demand through the Usiminas deal.

The combined entity will be the leading player in Latin America, according to the company, and Ternium is looking to grow further through both upstream and downstream expansion.  Like some of its industry peers, TX is also seeking to take advantage of inexpensive natural gas prices, with the potential construction of a DRI-based steel mill.

Our full report is available to subscribers only and provides further thoughts on Ternium’s March Investor Day as well as the implication for the stock and other equities.

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