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    Market Segment

    July 31, 2024

    Ternium earnings slump; Vedoya calls bottom on HR pricing

    Written by Laura Miller

    Second quarter ended June 3020242023Change
    Net sales$4,514$3,87117%
    Net earnings (loss)($743)$491-251%
    Per American depositary share($0.11)$3.19-103%
    Six months ended June 30
    Net sales$9,292$7,49524%
    Net earnings (loss)($252.0)$1,215-121%
    Per American depositary share$1.73$5.10-66%
    (in millions of dollars except per share)

    Lower steel prices and expenses from ongoing litigation negatively impacted Ternium’s second-quarter results.

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

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