Ternium completed the acquisition of a 31.6% stake in Usiminas from Nippon Steel Corporation and Mitsubishi Corporation for $315.2m.

Ternium, a vertically integrated steel producer, completed the acquisition of a 31.6% stake in Usiminas, a producer of flat steel, from Nippon Steel Corporation, a Japanese steel company, and Mitsubishi Corporation, an integrated trading and investment conglomerate, for $315.2m.