Steelmaker Ternium reports a 24% jump in Q1 net profit By Reuters


© Reuters. The logo of the steelmaker Ternium, who turned a gym into a centre to receive patients suffering from the coronavirus disease (COVID-19), is pictured outside its plant, in Monterrey, Mexico April 11, 2020. REUTERS/Daniel Becerril

MEXICO CITY (Reuters) – Steel producer Ternium reported on Tuesday a first-quarter net income of $877.5 million, up 24% from the year-ago period.

The company, which operates in Mexico, Brazil, Argentina, Colombia, the United States and Central America, posted a revenue of $4.30 billion, a 32% increase in the three months to March compared to the same period of 2021.

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