Latin American steelmaker Ternium (TX +5.1%) surges higher after saying it won’t pursue a...

|About: Ternium S.A. (TX)|By:, SA News Editor

Latin American steelmaker Ternium (TX +5.1%) surges higher after saying it won’t pursue a purchase of ThyseenKrupp's (TYEKF.PK) steel plant in Rio de Janeiro state in Brazil because of its valuation and industry conditions in Brazil. TX says it is assessing alternative growth options after backing out of the bidding process. (Q1 earnings)