Who owns Usiminas?
Usiminas is not wholly owned by any single company recorded here: Ternium (Luxembourg, NYSE: TX) has held a 37.5% stake since 2012.[1] Ternium's 20-F says that under the Usiminas shareholders agreement Ternium Investments has the right to nominate a majority of the board, the chief executive and all other officers, and that Ternium has fully consolidated Usiminas since July 2023. Its holding is 64.5 per cent of the voting ordinary shares and 37.5 per cent of all shares, as of 27 February 2026.
Evidence: Ternium S.A. Annual Report on Form 20-F filed 2026-03-31, SEC EDGAR, 31 March 2026. Verified from filings; last checked .
Key facts
- Largest stakeholder
- Ternium S.A. (37.5% stake) verified
- Since
- Headquarters
- 🇱🇺 Luxembourg, Luxembourg
- Origin
- 🇧🇷 Brazil
- Category
- Home, garden & DIY › Home improvement › Building materials
- Parent ticker
- NYSE: TX
- Last verified
- · 1 sources
About Usiminas
Usiminas is one of Brazil's main flat steel producers, with about 6.9 million tons of annual capacity and mines and mills in Minas Gerais. Ternium joined its control group in January 2012 and holds 37.5 per cent of all shares. It has nominated the board majority and fully consolidated the company since July 2023, and its share of the control group reached 83.1 per cent in February 2026.
Ownership timeline of Usiminas
Where Usiminas sits in Ternium
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Ternium ownership tree →
See the full Ternium brand portfolio (5) →
Other brands owned by Ternium
Ternium controls 6 brands on Brandtree, 6 of them in home, garden & diy.
Also in home, garden & diy
Other brands in building materials, and who owns them
The 100 brands in building materials on Brandtree belong to 31 owners. The largest is James Hardie, with 8; Ternium has 5.
| Brand | Owner | Owner based in |
|---|---|---|
| Golden Bay | Fletcher Building | 🇳🇿 New Zealand |
| AZEK Exteriors | James Hardie | 🇮🇪 Ireland |
| Blenture | Votorantim Cimentos | 🇧🇷 Brazil |
| Adbri | CRH | 🇮🇪 Ireland |
| Artevia | Holcim | 🇨🇭 Switzerland |
| Byggmakker | Kesko | 🇫🇮 Finland |
| Cacique Max | Loma Negra | 🇦🇷 Argentina |
| Alutions | Tecnoglass | 🇨🇴 Colombia |
About the owner: Ternium
Ternium is a publicly listed company headquartered in Luxembourg, Luxembourg.
Ternium is a Luxembourg-incorporated steel producer with its operations in Mexico, Argentina, Brazil and Colombia, formed in December 2003 within the Techint group, whose holding company San Faustin owned 65.03 per cent of it in February 2026. It supplies flat and long steel to automotive, appliance and construction customers and consolidates Brazil's Usiminas.
🇧🇷 Usiminas and other Brazilian brands
Brandtree records a controlling owner for 149 brands that began in Brazil. 31 of them (21%) are now controlled by a company headquartered in another country, Usiminas among them.
Frequently asked questions
Who owns Usiminas?
No single company recorded here owns Usiminas outright. Ternium has held a 37.5% stake since 2012.
Does Ternium control Usiminas?
Not on the shareholding alone: a 37.5% holding is not a majority. Ternium's 20-F says that under the Usiminas shareholders agreement Ternium Investments has the right to nominate a majority of the board, the chief executive and all other officers, and that Ternium has fully consolidated Usiminas since July 2023. Its holding is 64.5 per cent of the voting ordinary shares and 37.5 per cent of all shares, as of 27 February 2026.
Where did Usiminas come from?
Usiminas originated in Brazil.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Ternium S.A. Annual Report on Form 20-F filed 2026-03-31 — SEC EDGAR, SEC Form 20-F, published 31 March 2026; retrieved 10 October 2026.
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