Industry News

Ternium posts 84% drop in Q3 net profit, sees lower steel margin ahead

Update time : 2022-11-03 19:52:42

SAO PAULO/MEXICO CITY, Nov 3 (Reuters) - Steelmaker Ternium (TX.N) reported on Thursday an 84% drop in its third-quarter net income to $220 million as it was hit by lower realized steel prices and an increase in raw material and energy costs.

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