Wednesday, 23 February 2011Steelmaker Ternium announced Tuesday net income of $102.8 million in Q4 2010, a decrease of $98 million compared to Q3 2010 mainly due to a $133.9 million decrease in operating income. For the whole of 2010, Ternium's net income was $779.5 million, compared to $767.1 million in 2009.
Sales of both flat-rolled and long steel products soared in Q4 2010, increasing 43 and 56 percent, respectively, compared to Q4 2009.
For 2011, Ternium predicts accelerated growth in the NAFTA regions, with higher industrial activity in Mexico driving local demand for steel products.
Sales of both flat-rolled and long steel products soared in Q4 2010, increasing 43 and 56 percent, respectively, compared to Q4 2009.
For 2011, Ternium predicts accelerated growth in the NAFTA regions, with higher industrial activity in Mexico driving local demand for steel products.
(sourced:steelorbis)
Tags: rebar , hrc , crc , galvanized , coated , longs , flats , USA , Mexico , Venezuela , North America , South America , fin. Reports , steelmaking
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