Latin America-focused steelmaker Ternium saw its net revenues in Mexico decline 17 percent in Q2, year-on-year, to $1.3 billion, the company said this week. Steel sales volumes in Mexico dropped 9 percent in Q2, year-on-year, to 1.5 million mt.
As for its Southern region segment, Ternium said revenues in Q2 rose 1 percent, year-on-year, $484.9 million. The other markets segment saw revenues improve 12 percent in Q2, year-on-year, to $872.2 million.
Ternium said it expects steel sales volumes to “gradually recover” during H2 2019, reaching “higher levels than those reported for H2 2018.”
“In Argentina, Ternium anticipates an additional sequential increase in steel shipments in the Q3 2019 due to an improvement in the domestic steel market,” the company said.