Argentina’s Ternium steel offices in 2024 They were 1.7 million tons, lower in 23% compared to the level reached the previous year. The decrease in sales volume was mainly reflected lower steel demand in Argentina affecting the steel offices destined for both industrial clients and the commercial market, particularly during the first semester of the year.
In 2024, society reported an operational loss of $ 65.1 billionincluding a position for devaluation of non -financial assets of $ 166.9 billion.
Net of this position, the adjusted operational gain was $ 101.8 billion, resulting in an adjusted operating margin on 5%sales. This margin represented a decrease of 19 percentage points with respect to the operational margin reached the previous year, reflection of relatively low production levels with high operating costs.
The consolidated net result of society It was a gain of $ 106.7 billion in 2024amount that includes a positive deferred tax result of $ 233,200l million, the aforementioned position for devaluation of non -financial assets and a net charge of $ 89.9 billion related to a provision for a ongoing litigation linked to the purchase of a participation in Usimines in Usimines in 2012.
The Decoons to the domestic market They were 1.6 million tons in 2024, decreasing 513 thousand tons With respect to the amounts dispatched in the previous year.
The Exports They were 90 thousand tons in 2024, similar to the volume exported in 2023. Exports during 2024 were directed 45% to Central and South America, in 47% to North America and 8% to Europe and other destinations.
The company also reported that There will be no dividend distributionsince this result will allocate to finance investments: “The Ternium Argentina Board of Directors proposes to the Shareholders’ Assembly assign the accumulated results to the optional reserve for investment financinganticipating the works in THE NEW WIND PARK and advance various initiatives focused on maintenance areas, technology applied to operations and environment ”.
Ternium’s prospects for 2025
In the local market, Ternium Argentina hopes that In the first quarter of 2025 the steel offices reach a level comparable to those of the fourth quarter of 2024. After a usually weak year in terms of offices, a gradual reactivation of the activity is expected towards the end of the quarter in a frame of high uncertainty both in the international and local level.
Last December, Ternium Argentina Inaugurated a new wind farm in Olavarríawhich currently has 21 wind turbines operating on a total of 22 projected equipment.
The park has allowed the company to replace most of the electric power bought with a source of renewable energy. During the year, society will continue to advance various initiatives focused on maintenance areas, technology applied to operations and environment.
The wind farm located in Olavarría involved an investment of US $ 220 millionIt will add a total installed power of 99 MW with an estimated annual production of renewable energies of 480 GWh. It will allow Ternium to replace approximately 90% of the energy it acquires in Argentina in the national interconnected system.
The impact of recession and exchange delay
Ternium is a steel iron supplier For agriculture, automotive industry, white line and constructionall sectors that suffered the impact of the sharp fall in domestic consumption in the last two years.
The combo included drop in the demand of industries due to the recession, loss of export competitiveness, especially in front of Brazil, due to exchange backwardness.
It also negatively influenced the operation of Argentina’s Ternium the competition of China since the government of Javier Milei flexible the imports of steel, among other sectors.
Thus, during most of 2024 the San Nicolás plant operated 70% of its installed capacity of production. Towards the end of last year, it implemented a cost reduction plan, which included some “agreed” personnel, among other measures such as renegotiation of contracts with suppliers and freezing of vancantes.
The closure of 2024 showed the entire steel sector in a deep crisiswhich affected the main companies, such as Tenaris, Acindar and Acerbrag. The steel production collapsed 26%, the steel camera reported. And metallurgy retreated 12.1% year -on -year, according to adimra data.
For this year an increase in demand is expected, although still below the levels reached in 2023.
Companies have been expressing Your concern for the impact of distortive taxes As gross income and municipal fees, in addition to the tax on bank loans and credits.
To this is added the increase in local costs in dollars and unfair competition of products from all over the chain from economies that are not market, the camera said.
According to the evaluation carried out by the Specialized Site in Investments DOLARHOY “The financial performance of Ternium Argentina during 2024 confirms the company’s strength in the steel sector. However, Argentina’s economic context Continue to raise important challengessuch as exchange volatility, the cost of inputs and the evolution of demand in the local and international market, to which it adds The imposition of tariffs by the Donald Trump government in the United Stateswhich will affect ternium exports to that country. ”
“The company must continue to focus on optimize its cost structure and operational efficiency to maintain its profitability in an environment of high inflation and possible adjustments in the country’s economic activity. Despite these challenges, financial results reflect a well positioned company to support its growth and consolidate as a fundamental pillar of the steel industry in the region, ”he concluded.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
