This steel stock has surged in 2026. Why Morgan Stanley sees even more upside ahead

Ternium, an Italian-Argentine steelmaker, plans to take Usiminas, Brazil's largest flat-steel maker, private. Usiminas shares rose over 7% on the news. Ternium still needs minority shareholder approval. Neither company has issued a formal statement. Usiminas is strategic for Brazilian industry, supplying flat steel to car makers and appliance factories.

Ternium (TX) discussed Q2 2026 results and outlook. It said adjusted EBITDA rose, with margin expanding to 16.5% from 12.2% in Q1, and net income of $465 million. The company cited higher volumes and improved realized steel prices, plus trade measures in Mexico and Brazil. It expects sequential EBITDA growth in Q3 and noted downstream ramp-up with start-up expected in early 2027.

Ternium (NYSE:TX) reported first-half 2026 adjusted EBITDA of $1.2 billion, up 65% year over year, with EBITDA margin rising to 14% from 9%. Management said Q3 adjusted EBITDA should rise sequentially on higher shipments and margin, while costs per ton increase. It discussed Mexico trade talks, Pesquería ramp-up, capex of $1.6 billion for 2026, and dividend payments of $255 million in Q2.

Ternium S.A. (NYSE:TX) reported Q2 and first-half 2026 results for the period ended June 30, 2026. Adjusted EBITDA rose sequentially 50% to $717 million, and net income was $465 million. Capex was $431 million. The company expects Q3 2026 Adjusted EBITDA to increase, citing higher shipments and margin improvement.

Ternium S.A. (TX) furnished an SEC Form 6-K — earnings release. This report contains Ternium S.A.’s press release announcing second quarter and first half of 2026 results. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, the

Intel (INTC) stock rose 7.6% after reports that SK Hynix is in early talks to use Intel's Ohio facilities. The discussions are exploratory, with no finalized terms. Intel's foundry business has been struggling, and a deal with SK Hynix could validate its turnaround strategy. The rally outpaced broader market gains, suggesting investor reaction to company-specific news.