Steelmaker Ternium saw net revenues rise in Q2 for both its Mexican and Southern Region markets, the company said this week while releasing its quarterly results.
According to Ternium, net revenues in Mexico in Q2 rose 20 percent, year-on-year, to $1.4 billion. Net revenues in Q2 for the company’s Southern Region market increased 25 percent, year-on-year, to $563.5 million.
As for the Other Markets segment, revenues improved 22 percent in Q2, year-on-year, to $270.9 million.
The Southern Region operating segment manages the businesses in Argentina, Paraguay, Chile, Bolivia and Uruguay. The Other Markets operating segment includes businesses mainly in United States, Colombia, Guatemala, Costa Rica, El Salvador, Nicaragua and Honduras.
Ternium said steel sales volumes in Mexico in Q2 fell 2 percent, year-on-year, to 1.7 million mt, but rose 9 percent, year-on-year, in the same period in the Southern Region market, reaching 599,400 mt. Steel sales volumes for its Other Markets segment also rose in Q2, reaching 321,000 mt, a 5 percent growth, year-on-year.