It is reported that the Techint Group, through its subsidiary Ternium in Brazil, has finalized the acquisition of Nippon Steel and Mitsubishi Corporation's shares in Usiminas, one of the largest steel mills in Latin America. With an investment of 315.2 million USD, Techint increased its ownership stake in the company from 51.5% to 83.1%, securing operational and strategic control of the Brazilian steel giant.

This transaction strengthens Techint's presence in a market it considers vital for its production integration. Usiminas is not only a cornerstone of industrial supply in Brazil but has also historically been the source of the steel plates used by Tenaris to manufacture highly complex pipes for energy projects throughout the Southern Cone.

By taking full control of Usiminas, Techint aims to enhance its logistics efficiency and protect its value chain against the volatility of international markets and global competition.