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Ternium Reports Solid Order Book Through Q3, Margins Tighten
Ternium's CEO said the order book is solid through Q3 even as input costs compress margins. CFO noted cash flow positive, capex unchanged. No formal outlook.
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Ternium reported second-quarter results on Monday, with management pointing to stable demand in its core markets. The steelmaker's CEO Maximo Vedoya said the order book looks solid through the third quarter. He did not give a numerical forecast, describing the company's visibility as limited beyond the next few months.
Margins took a hit in the quarter. Higher iron ore and scrap costs compressed spreads, CFO Pablo Brizzio said. The company's geographic diversification across Mexico and Brazil helped offset some of the pressure, he noted. Ternium's cash flow generation stayed positive, Brizzio said, and its capital spending plans for 2026 remain unchanged.