Steelmaker Ternium reports 162 percent increase in net profit in Q1 2026
The steelmaker Ternium posted a net profit of $372 million in Q1 2026, against $142 million for Q1 2025
Compared with the same period a year earlier, net sales remained stable at $3.934 bilion, while production costs rose 6.7 percentto $3.247 bilion. Gross profit increased 29.4 percent to $687 milion, while operating profit climbed 120 percent to $290 milion.
Tax deferrals totaling $93 million were one of the main reasons for the quarter's net profitability.
By volume, shipments of steel products declined 3.8 percent to 3.709 milion metric tons (mt), while iron ore shipments declined by7.6 percent to 2.826 million mt.
Mexico accounted for the largest share of steel shipments in the fourth quarter, at 1.983 milion mt, followed by Brazil with 919,000mt, other South American countries with 481,000 mt, and other regions with 355,000 mt.
Controlled by the Techint group, Ternium has production facilities in Mexico, Argentina, Brazil, Colombia, Guatemala and the US.
From: Steel Orbis
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