Ternium Adapting to Declining Demand

A strong beginning to the first quarter in Mexico supported shipments for Ternium S.A. as operations were locked down in South America due to the COVID-19 pandemic. The company expects shipments to decrease about 30 percent in the second quarter and increase going forward in the second half of the year.

“We don’t see a V recovery as some economists are saying, it’s more like a U,” said CEO Máximo Vedoya. “So, these increases are not going to be very, very steep. But I think that most of the countries where we operate are going to take measures in order for the steel industry to try to increase their shipments.”