Ternium: The Latin Dragon

Ternium, one of the leading steel companies in the Americas, is a public company controlled by the Techint Group.  Ternium holds controlling direct and indirect equity interests in Siderar in Argentina, Hylsamex in Mexico and Sidor in Venezuela.  This report is based on a field trip by Peter Marcus to Ternium's facilities in Mexico, Venezuela and Argentina in October 2006.

Why "The Latin Dragon"?

Core Report XXXX examines the company's prospects for sizable EBITDA growth; its low cost plants; its culture of excellence; its leading market position because of its size; and its diversified markets as contributing factors to the company's impact on the steel industry environment in Latin America.

The report includes chapters on:

• Management
• Labor
• World-Class Steelmakers
• Trade regulation
• Regional Latin American economies
• Risks
• Position on WSD's World Cost Curve
• Ternium overview
• Ternium Siderar-Argentina
• Ternium Sidor-Venezuela
• Ternium Hylsamex-Mexico
• Supplemental financial and industry data

Core Report XXXX is provided to WSD subscribers as part of their regular $12,500 annual service. The price for non-subscribers is $2,500.