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

Published: May 11, 2026 16:36

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[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.

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