Steel Mills
March 16, 2019
Ternium Achieves Record Earnings in 2018
Written by Sandy Williams
Latin American steel mill Ternium reported the highest annual EBITDA in its history last year at $2.7 billion, a 40 percent increase from 2017. Net income was $1.5 billion, driven by an 18 percent increase in sales and higher steel product shipments.
Ternium’s Mexico segment shipped 6.5 million metric tons of steel in 2018, representing 51 percent of the company’s total shipments. The Mexican market is now the largest steel market in Latin American with apparent steel demand of 25.9 million MT.
