IMSA to post strong second-quarter figures

Mexican conglomerate IMSA, one of the country's largest steel processors, indicated that its second-quarter EBITDA is expected to be between $145 million and $150 million thanks to strong demand and higher prices. The company said in a statement that strong demand, higher prices and record production across the majority of IMSA's businesses would contribute to the second-quarter results. Earnings before interest, taxes, depreciation and amortization are seen by many analysts as a key indicator of a company's financial strength.