Ternium
About: Ternium SA is a flat steel producer operating in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. It produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers and steel processors or end-users. The company operates in two segments: Steel, Usiminas and Mining. In its steel segment, the company produces slabs, billets & round bars, hot-rolled coils & sheets, bars & stirrups, wire rods, steel pipes, and other products. The Mining segment sells iron ore as concentrates (fines) and pellets. The Usiminas segment include iron ore extraction, steel transformation, production of capital goods and logistics. The vast majority of its revenue comes from the steel segment and geographically from Mexico.
Employees: 34,458
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
50% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]
0.01% less ownership
Funds ownership: 1.18% [Q2] → 1.16% (-0.01%) [Q3]
3% less capital invested
Capital invested by funds: $867M [Q2] → $842M (-$25.1M) [Q3]
4% less funds holding
Funds holding: 141 [Q2] → 135 (-6) [Q3]
18% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 33
53% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 58
56% less call options, than puts
Call options by funds: $3.66M | Put options by funds: $8.31M
Research analyst outlook
We haven’t received any recent analyst ratings for TX.
Financial journalist opinion
