Ternium reports rise in Q3 net revenues for Mexico segment

Thursday, 01 November 2018 00:46:49 (GMT+3)   |   San Diego
       

Latin America-focused steelmaker Ternium saw net revenues for Mexico rise nearly 13 percent in Q3, year-on-year, the company said this week while releasing its quarterly results.

Ternium said net revenues for Mexico totaled $1.51 billion, up from $1.34 billion in the same quarter of the year prior.

As for the Southern Region market segment, which includes mills in Argentina, Bolivia, Chile, Paraguay and Uruguay, net revenues dropped 33 percent in Q3, year-on-year, to $415.8 million.

In the company’s Other Markets segment, which covers businesses in Brazil, Colombia, Central America and the United States, reported a net revenue of $865.8 million in Q3 this year, 75 percent up, year-on-year.

Steel sales volumes for Mexico in Q3 fell 6 percent, year-on-year, to 1.5 million mt. Likewise, steel sales volumes for the Southern Region declined 18 percent in Q3, year-on-year, to 546,500 mt. The Other Markets segment saw steel sales volumes in Q3 improve 38 percent, year-on-year, to 1.07 million mt.


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