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Ternium expects increase in steel sales

Ternium expects a significant increase in its steel sales in Mexico by the end of 2023.

Ternium expects increase in steel sales

Mexican steelmaker Ternium reported that steel sales in the country reached 1.9 million tons last year, mainly thanks to the reorganization of inventories in the commercial market and the company's increased market share. For the year 2023, the company forecasts a significant increase.

The company expected that the continuous increase in the first half of 2023 would be due to the restructuring of inventories in the commercial market as steel prices continue to recover in the region.

In addition, the company's latest investment program continues to produce new steel products, while demand from the local industrial market is also showing a slight improvement.

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