Salem Radio Network News Friday, August 19, 2022

Business

Steelmaker Ternium expects revenue per ton to drop in Q3 on lower steel prices

(Reuters) – Steelmaker Ternium expects revenue per ton to decrease in the third quarter of 2022 due to lower benchmark steel prices, the company said in a presentation following second-quarter results Wednesday.

In its quarterly report, it said it expected costs per ton to increase, which would likely lead to a lowered adjusted earnings before interest, tax, depreciation and amortization (EBITDA) in the third quarter compared to the second quarter.

(Reporting by Kylie Madry and Marion Giraldo; Editing by Christian Plumb)

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