Ternium S.A. Announces Unaudited Operating Results for the Fourth Quarter and Full Year Ended December 31, 2019
February 18, 2020 at 04:44 pm EST
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Ternium S.A. announced unaudited operating results for the fourth quarter and full year ended December 31, 2019. For the quarter, the company reported steel shipments was 2,917,000 tons against 2,964,000 tons a year ago. Iron ore shipments was 917,000 tons against 857,000 tons a year ago.
For the year, the company reported steel shipments was 12,511,000 tons against 12,951,000 tons a year ago. Iron ore shipments was 3,576,000 tons against 3,616,000 tons a year ago.
Ternium S.A. is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company. The Steel segment comprises three operating segments: Mexico, the Southern Region and Other Markets. In the steel segment, steel products include slabs, billets and round bars (steel in its basic, semi-finished state), hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plate, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, roll-formed products, and other products. In the mining segment, iron ore is sold as concentrates (fines) and pellets.
TERNIUM S.A. 
