Steel Mills
February 25, 2021
Ternium Reports Successful Q4; Operating at Full Capacity
Written by Sandy Williams
The extreme cold snap that hit the southern U.S. disrupted production at Ternium Mexico, causing the loss of approximately 80,000 tons of production and an estimated $40 million. The facilities are now back to normal operations, but because the mill is operating at full capacity, lost production cannot be made up, said CEO Maximo Vedoya during the company’s latest earnings call. As a result, Ternium Mexico’s first-quarter shipments are expected to be similar to the fourth quarter.
The company expects steel shipments to be stable in the first quarter, supported by demand from industrial customers and finished goods exports as well as a strong construction and home improvement market. Slab shipments from Brazil to third parties are expected to decrease in Q1 due to significantly higher intercompany transfers.
