Steel Mills

Ternium Reports 3Q Net Income of $136 Million
Written by Sandy Williams
November 6, 2013
Latin American steel mill Ternium reported net sales of 2.14 billion on shipments of 2.3 million tons of steel and 930 thousand tons of iron ore. Steel shipments were up 4 percent from second quarter and 2 percent from third quarter 2012. Iron ore shipments were down 24 percent from second quarter but up 106 percent from Q3 2012. Net income for the quarter was $136 million.
Net sales for the first nine months of 2013 were $6.4 billion on shipments of 6.7 million tons of steel and 3.2 million tons of iron ore. Steel shipments were up 2 percent from 2012 and iron ore shipments rose 138 percent. Net income for the first nine months was $421.9 million. Iron ore shipments include Ternium’s interest in the January 1, 2013 consolidation of Exiros and Pena Colorado
In their fourth quarter outlook, Ternium said it expects steel shipments to decline during the fourth quarter due to seasonal factors. Activity in Mexico’s industrial sector remains healthy while the commercial sector and construction remains stagnant. The demand for steel in the Southern Cone of South America is showing stable, solid levels and it is anticipated to remain so during the fourth quarter.
Ternium is a manufacturer of flat and long steel products with production centers in Argentina, Mexico, Colombia, Guatemala and the U.S.

Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills

AISI: Raw steel production drops to multi-month low
After being historically strong for more than four months, US raw steel production fell for a second week.

U.S. Steel sues Algoma over iron pellet shipments
U.S. Steel is suing Algoma over the Canadian flat-rolled producer's rejection of iron pellet shipments, arguing it has breached its contract.

August US mill shipments slip but still higher than last year
The American Iron and Steel Institute reported a decline in the monthly shipments of US mills from July to August.

TransPod, Algoma, Supreme Steel linkup anchors Canadian steel in high-speed transit build
The three Canadian companies have announced a strategic partnership to support the development of an ultra-high-speed transit line from Edmonton to Calgary.

Metallus, USW agree to tentative four-year labor deal
Metallus and the United Steelworkers (USW) have agreed to a tentative four-year labor contract.