Argentina's sole flat steel producer, Ternium Siderar, expects its steel shipment volumes to decrease in the first quarter of 2019, and to start a recovery only in the second quarter, due to continuing inventory adjustments among clients.
"The company expects steel shipments to continue decreasing during the first quarter of 2019, reflecting the usual seasonality of the first quarter and the effect of the destocking process in the value chain," Ternium Siderar said in an earnings report published on Tuesday February 19.Argentinian domestic...