Steel Mills
April 30, 2014
Sales Up 2% at Ternium
Written by Sandy Williams
Latin American steelmaker, Ternium, turned in a positive quarter with net sales up 2 percent to $2.149 from fourth quarter and 1 percent from Q1 2013. Net income was $188.2 million compared to $174.7 in the fourth quarter, and $164 million in Q1 2013.
Ternium net steel sales increased 1% to $2,149.4 million. Operating income increased to $319 million, an increase of 8 percent sequentially and 13 percent y/y, as a result of improved steel shipments and operating margins, partially offset by lower revenue per ton. Lower raw material costs were partially offset by lower steel prices in the Southern Region.
