MEXICO CITY, April 26 (Reuters) – Steel producer Ternium’s
net income rose 24% to $877.5 million in the first
quarter from the year-ago period, the company said on Tuesday,
citing higher steel prices partially offset by high costs of raw
materials. The company, which operates in Mexico, Brazil, Argentina,
Colombia, the United States and Central America, posted a 32%
increase in revenue to $4.30 billion during the January to March
period versus the same quarter a year earlier. Revenue per ton was just under the record levels reached
last quarter, the company said.
Steelmaker Ternium sees net profit jump in first quarter on higher prices
