Ternium, a Mexican steelmaker, reported that its steel sales in the country reached 1.9 million tons last year, owing to inventory reorganization in the commercial market and the company's increased market share. The company expected the sustained increase in the first half of 2023 to be due to the restructuring of inventories in the commercial market as steel prices in the region continued to recover.
Furthermore, the company's most recent investment program, new steel products, is still being manufactured, while demand from the local industrial market is improving slightly.
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