Ternium CEO sees healthy demand buoying HRC price slide

Falling steel prices at present are not a symptom of demand but of imports arriving into the US and to some parts of Mexico, Ternium’s CEO Maximo Vedoya said this week.

Vedoya addressed falling hot-rolled coil prices and where prices are headed in the current quarter on an earnings conference call with analysts on Wednesday. “It’s not a problem of the demand, but it is a problem of imports that are coming mainly to the US and some part also to Mexico. That’s the main reason” for the price declines of the last three or four weeks, he said.

Laura Miller

Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

Laura Miller

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