Industry News

Latin Steelmaker Ternium Expects Earnings to Dip This Quarter

Views : 93
Update time : 2023-08-02 20:04:47

Ternium SA is expecting earnings to dip this quarter compared to last as the Latin American steelmaker endures lower prices and slightly higher costs.  

In Mexico, Ternium forecasts higher shipments on continued strength in the automotive and white-goods industrial sectors, it said in an earnings statement Tuesday. But in Argentina, the company sees demand headwinds from high inflation, raw material import constraints, an unstable macroeconomic environment and election-related uncertainty.

Ternium’s steel shipments in the second quarter were 3 million metric tons, down 3% sequentially and up 1% from the same period last year.

Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices