Latin America-focused steelmaker Ternium saw net revenues for its Mexican business in Q4 2020 increase 15 percent, year-over-year, to $1.38 billion, the company said this week.
Following the same uptrend, revenues at its Southern region segment in Q4 2020 was $632.7 million, 42 percent up, year-over-year.
On the other hand, Ternium’s “other markets” segment was the only one to see revenues decline. Revenues for the segment in Q4 2020 reached $516.9 million, 6 percent down, year-over-year.
Ternium said steel sales volumes for its Mexican business in Q4 2020 totaled 1.64 million mt, 6 percent up, year-over-year.
Net profit in Q4 2020 spiked 645.9 percent, year-over-year, from $89.9 million in Q4 2019 to $670.6 million in Q4 2020.