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Hot Latin Steel Market Starts to Cool, Top Producer Says – Bloomberg

Alvaro Ledgard
Top Latin American steelmaker Ternium SA just signaled that its record third quarter might be as good as it gets as a dizzying upswing in profits stalls.
After four straight quarters of impressive growth in earnings before items, Ternium expects a slight decrease this quarter as higher raw material costs crimp margins and shipments stabilize, and a more balanced supply-demand environment next year. Its shares sank as much as 14% Wednesday.

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