10 Best Steel Stocks to Buy Right Now

5.  Ternium S.A. (NYSE:TX

On February 19, 2026, Wells Fargo decreased Ternium S.A. (NYSE:TX)’s price objective from $34 to $33. The analyst retained an Underweight rating following the fourth-quarter shortfall. The firm warned of ongoing concerns from Chinese oversupply, despite trade restrictions in Mexico and Brazil. Wells Fargo said that it expects EBITDA to remain high in 2026 compared to market conditions.

On February 18, 2026, Ternium S.A. (NYSE:TX) said it expects first-quarter 2026 adjusted EBITDA to increase sequentially. The company expects increased shipments, mainly in Mexico, and improved margins due to higher revenue per ton. Brazil applied antidumping tariffs in an attempt to reduce unfair steel imports. Argentina anticipates a gradual recovery in steel sales, driven by mining, agriculture, energy, and construction.

On February 3, 2026, JPMorgan increased Ternium S.A. (NYSE:TX)’s price target to $44 from $40.50. JPMorgan maintained an Overweight recommendation on the stock.

Ternium S.A. (NYSE:TX) produces flat steel. It operates through two segments: steel and mining. The Steel section covers the sale of steel products.