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    Market Segment

    April 26, 2018

    Mexico Production Boosts Ternium Results

    Written by Sandy Williams

    Steel producer Ternium reported shipments of 3.5 million tons in first-quarter 2018, a 3.0 percent increase from the fourth quarter and a 42 percent jump from Q1 2017. Higher steel prices pushed revenue up $45 per ton. Higher shipments were a result of a 160,000-ton increase in Mexico that was offset by a 48,000-ton decrease in other markets due to higher shipments of slabs to Ternium subsidies and the consequent decrease in shipments of slabs to third parties.

    TerniumTernium posted total sales of $2.96 billion and net income of $422.1 million, significantly higher than the previous quarter or year.

    Sandy Williams

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