Steel Mills
August 6, 2019
Ternium CEO Sees Improvement in 2H for Mexico Segment
Written by Sandy Williams
Steel shipments at Ternium Mexico were relatively flat in the second quarter, increasing 0.4 percent from the first quarter to 1.57 million metric tons. Sales of $1.37 billion slipped 3.9 percent from Q1 and fell 17 percent from Q2 2018.
Steel prices have declined in the past three quarters in Mexico, mostly driven by a significant drop in U.S. steel prices. Ternium CEO Máximo Vedoya said there are clear signals that the steel prices have bottomed out in the U.S. and are on the rise.
