Ternium posted a net profit of $333 million for Q4 2024, compared to $554 million in Q4 2023. Net sales declined by 21 percent to $3.876 billion, while operational profit dropped by 93 percent to $582 million. Shipments of steel products decreased by 7 percent to 3.764 million mt, and iron ore shipments declined by 12 percent to 1.752 million mt.

Mexico led regional shipments during the third quarter with 1.970 million mt, followed by Brazil (965,000 mt), other South American countries (496,000 mt), and other regions (333,000 mt).

For the full year 2024, Ternium's net profit fell by 82 percent to $174 million. Net sales remained stable at $17.649 billion, and operational profit decreased by 43 percent to $1.263 billion. Steel product shipments increased by 10 percent to 15.622 million mt, and iron ore shipments rose by 56 percent to 6.426 million mt.

Ternium, controlled by the Techint group, has production facilities in Mexico, Argentina, Brazil, Colombia, Guatemala, and the US.