Latin America-focused steelmaker Ternium said net revenues for its Mexico business segment in Q4 2021 rose 59 percent, year-over-year, to $2.19 billion.
Following the same uptrend, the company’s Southern Region segment posted revenues of $945 million in Q4 2021, 49 percent up, year-over-year.
The company’s Other Markets segment saw its revenues in Q4 2021 grow 116 percent, year-over-year, to $1.11 billion.
Despite the increased year-over-year revenue for all its business segments, steel sales volumes in Q4 2021 decreased at Ternium’s Mexico and Southern Region markets.
Ternium said steel sales volumes at its Mexico segment dropped 15 percent in Q4 2021, year-over-year, to 1.4 million mt.
Steel sales volumes at its Southern Region in Q4 2021 fell 5 percent, year-over-year, to 618,000 mt.