Steelmaker Ternium's Q2 profit rises, with rosy outlook ahead

• In Brazil, the company said demand remained uneven, with strength in autos and infrastructure equipment offset by weakness in agricultural machinery.
• It added that high imports of steel and steel-containing manufactured goods continued to pressure the market, though trade defenses were gaining traction after the renewal of the country's steel quota system through June 2027.

• Ternium said second-quarter performance was supported by stronger steel market conditions in Mexico, where measures against cheap imports and inventory normalization helped demand, as well as improving sentiment in Brazil following government actions aimed at promoting fair competition.
• The steelmaker said it expects adjusted EBITDA to rise again in the third quarter versus the second, driven by higher shipments and an improved margin, as revenue per ton increases partly offset higher costs per ton.
• In Mexico, Ternium said shipments should continue to recover as commercial demand remains firm, helped by new pipeline projects, import substitution at several original equipment manufacturers and public infrastructure work.

MEXICO CITY, Aug. 4 (Reuters) - Latin American steelmaker Ternium said on Tuesday its second-quarter net income rose about 80% to $465 million as shipments and margins improved, and it forecast higher adjusted EBITDA in the third quarter on stronger volumes and better pricing.

The company said adjusted EBITDA rose 78% year over year to , while net sales increased from the year-ago period to .