Ternium Facing Blockades By Argentinian Truckers (TX)

Ternium TX is facing blockades at five of its nine steel plants in Argentina. Deutsche Bank said, "Protesting truckers are blocking other trucks from entering or leaving the plants, while demanding higher payments and better conditions. According to MetalBulletin, the San Nicolas plant, which is the biggest plant owned by Ternium with a slab production capacity of 2.8mtpy, has not been affected by the protests. However, if the protest continues, the company's internal supply chain may be affected." Ternium is currently rated Buy by Deutsche Bank with a price target of $51.00. Shares of TX are currently trading at $32.30.