Ternium Argentina sees profit spike in Q3

Thursday, 11 November 2021 20:05:59 (GMT+3)   |   Sao Paulo

Ternium Argentina, the local subsidiary of Latin America-focused steelmaker Ternium, saw its net profit in Q3 this year spike to ARS 43.33 billion ($432.5 million) from ARS 5.38 billion ($53.7 million) in Q3 2020, the company said.

Net revenues in Q3 rose 151.4 percent, year-over-year, to ARS 95.35 billion ($951.8 million). Steel sales volumes in Q3 grew 8.1 percent, year-over-year, to 657,900 mt. Out of this total, Ternium Argentina exported 72,300 mt of steel in Q3, down from 95,600 mt in Q3 2020.

USD = ARS 100.1 (Nov. 11)

Most Recent Related Articles

Argentinian crude steel output rises 17.1 percent in October

Chile’s CAP Acero turns loss to profit in Q3

Brazilian crude steel production increases 3.1 percent in October

Argentinian industrial production improves 10.1 percent in September

Tenaris sees revenues in Q3 increase for its South American division