Ternium Says In Mexico, Expects Apparent Steel Consumption To Remain Strong In Q4; In Brazil, Expects Shipments To Remain Relatively Stable In Most Market Sectors
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Ternium (TX) expects Q4 adjusted EBITDA to decrease compared to Q3, with lower adjusted EBITDA margin partially offset by slightly higher steel shipments. The company anticipates a sequential decrease in steel revenue per ton in Q4, reflecting lower realized prices in Mexico and Brazil. In Mexico, steel consumption is expected to remain strong, while in Brazil, shipments are expected to remain relatively stable. In Argentina, the company anticipates a sequential decrease in Q4 shipments due to seasonality and government-imposed restrictions.

October 31, 2023 | 8:31 pm
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Ternium expects a decrease in Q4 adjusted EBITDA and steel revenue per ton, reflecting lower realized prices in Mexico and Brazil. However, steel consumption in Mexico is expected to remain strong and shipments in Brazil are expected to remain stable.
The company's expectation of a decrease in Q4 adjusted EBITDA and steel revenue per ton due to lower prices in Mexico and Brazil could negatively impact the stock price. However, the strong steel consumption in Mexico and stable shipments in Brazil could mitigate some of this impact.
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