Ternium S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 03, 2022 at 07:04 am EDT
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Ternium S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 4,125 million compared to USD 4,592 million a year ago. Net income was USD 153 million compared to USD 1,202 million a year ago.
For the nine months, sales was USD 12,868 million compared to USD 11,761 million a year ago. Net income was USD 1,728 million compared to USD 2,827 million 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. 
