ADVFN - Advanced Financial Network.
HOME» NYSE » T » TX Stock Price » TX Stock News

Ternium . Share News

 Ternium S A Stock Price
TX Stock Price
 Ternium S A Stock Chart
TX Stock Chart
 Ternium S A Stock News
TX Stock News
 Ternium S A Company Information
TX Company Information
 Ternium S A Stock Trades
TX Stock Trades

Brazil's OGX Says Plans To Supply Natural Gas To Ternium Acu Steel Mill

RIO DE JANEIRO (Dow Jones) -- Brazilian oil company OGX Petroleo e Gas Participacoes S/A (OGXP3.BR, OGXPY), part of billionaire Eike Batista's EBX Group, is planning to supply natural gas to Latin American steelmaker Ternium SA's (TX) steel mill project in Brazil's Acu port, a spokeswoman for OGX said. "OGX is assessing its natural gas discoveries in Santos Basin, in order to obtain the necessary data to ensure the best way of supplying natural gas to the businesses in Acu port," OGX said in an e-mailed statement. The businesses cited include the Ternium steel mill, the spokeswoman said. Ternium has a preliminary environment permit to set up a steel mill with a capacity to produce up to 8.4 million metric tons a year of crude steel at Acu, which is in Rio de Janeiro state in southeast Brazil. However, the company has had difficulty in securing competitive supplies of natural gas for the project, which would use this as a major raw material instead of coal, Rio de Janeiro state economic development secretary, Julio Bueno, said in a recent interview. According to Brazil-based analysts, state-controlled oil and gas producer Petroleo Brasileiro SA (PBR, PETR4.BR) is offering gas at nearly six times the price Ternium sources gas for its operations in other countries including Mexico. High-priced gas would make the Ternium project at Acu unviable, analysts said this month. Petrobras had no comment on gas supplies to Ternium when approached on the subject by Dow Jones Newswires. Acu port is being developed by LLX Logistica SA (LLXL3.BR), another company within the EBX group. -By Diana Kinch, Dow Jones Newswires, Tel: 55 21 7564 4495,

Stock News for Ternium . (TX)
01/15/201520:20:48Range Resources, Savanna Energy Cut Spending
01/15/201519:53:50Range Resources, Savanna Energy Cut Spending Amid Oil-Price Drop...
11/15/201308:55:37Highbridge Capital Management 3Q 13F: Largest Eliminations
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Purchases
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest Sales
11/15/201308:55:35Highbridge Capital Management 3Q 13F: Largest -2-
08/01/201318:01:27Tenaris 2nd-Quarter Profit Down 5.6% as Tube Sales Fall in North...
03/19/201314:50:05Final Offers for Thyssen Unit Well Below Book Value
01/29/201310:07:08Brazil BNDES Could Offer BRL4 Billion for CSN's ThyssenKrupp...
11/30/201219:40:48Brazil Steelmaker CSN Offers About $3 Billion for Two ThyssenKrupp...
10/10/201212:40:04Bidders Eye ThyssenKrupp's Steel Americas Unit
09/27/201209:58:56Refinery Status: Irving's Saint John Refinery Resumes Normal...
09/26/201219:44:23Argentine Stocks Slide as Concern About Spain Returns
09/26/201209:15:47Refinery Status: Phillips 66 Reports Planned Work at Illinois...
09/25/201208:58:11Refinery Status: Coker Unit Snag Reported at Exxon Joliet
09/21/201216:51:17Refinery Status: Valero Shuts Houston Refinery -2-
09/21/201216:51:16Refinery Status: Valero Shuts Houston Refinery FCCU For Planned...
09/20/201216:38:31Refinery Status: Some Units Restarted At Phillips 66 Los Angeles...
09/18/201215:35:37Refinery Status:Benzene Leak Detected At -2-
09/18/201215:35:36Refinery Status:Benzene Leak Detected At Chevron's Pascagoula...

Ternium . and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations