Ternium traded at $51.24 this Tuesday June 2nd, increasing $2.16 or 4.40 percent since the previous trading session. Looking back, over the last four weeks, Ternium gained 16.64 percent. Over the last 12 months, its price rose by 87.14 percent. Looking ahead, we forecast Ternium to be priced at 47.74 by the end of this quarter and at 43.08 in one year, according to Trading Economics global macro models projections and analysts expectations.
Ternium S.A. is a producer of steel products. The Company produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Company operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company. The Steel segment comprises three operating segments: Mexico, the Southern Region and Other Markets. In the steel segment, steel products include slabs, billets and round bars (steel in its basic, semi-finished state), hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plate, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, roll-formed products, and other products. In the mining segment, iron ore is sold as concentrates (fines) and pellets.