[SMM Steel] Ternium's Q1 2026 results show 4% growth in Mexican steel shipments

Published: May 11, 2026 16:36

Save

[SMM Steel] Ternium reported Mexican steel shipments rose 4% y/y to 2 million tonnes in Q1 2026. Q2 shipments are expected to continue improving driven by commercial markets. Several infrastructure projects will drive demand. Higher steel prices partly offset lower shipments. Mexico has strengthened tariff/trade enforcement to mitigate US tariffs and resist low-priced Asian imports. The govt signed a deal with Mexican steelmakers including Ternium to purchase 200,000 tonnes of steel for infrastructure. Ternium expects its Pesqueria cold mill/galvanizing line to near full capacity by October. Slab facilities are progressing as expected.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

9 hours ago

[SMM Steel] Vnsteel expands distribution network with new Khanh Hoa warehouse

[SMM Steel] Vietnam’s Vnsteel has inaugurated a new warehouse in Khanh Hoa province as part of its strategy to strengthen nationwide logistics and distribution capabilities. The facility marks the company’s return to the South-Central Vietnam market and is expected to improve supply services for local distributors and construction projects. Vnsteel said the warehouse will also function as a regional logistics hub to enhance customer support, shorten delivery times, and strengthen its competitiveness in Vietnam’s steel market.

9 hours ago

[SMM Steel] Hoa Sen responds to Australia AD allegations on galvanized steel

[SMM Steel] Vietnam’s Hoa Sen Group stated that the alleged 56.21% dumping margin in Australia’s galvanized steel investigation is only an initial claim submitted by petitioner BlueScope Steel and not an official finding by Australian authorities. The AD probe was officially launched on April 30, with Hoa Sen and Nam Kim named in the case. Australia is expected to release its statement of essential facts by August 18 and final findings by October 2, 2026. Hoa Sen noted that in a previous Australian AD case in 2015, the company ultimately received a 0% duty rate despite an initial dumping allegation of 16.26%.

9 hours ago

[SMM Steel] Iranian steel exports continue despite Hormuz logistics disruptions

[SMM Steel] Iranian steel exports remain active despite ongoing uncertainty around the Strait of Hormuz. Billet exporters continue offering cargoes, but transactions remain unstable due to shipping disruptions, limited vessel availability, and high insurance costs. Alternative logistics channels and Chabahar port continue supporting part of the export flows to China and India. Market participants expect steel trade linked to Hormuz to remain volatile even if diplomatic tensions ease.

9 hours ago