Latin American steel group Ternium showed a decline in its earnings before interest, taxes, depreciation and amortization (Ebitda) of 49% year-on-year in the fourth quarter of 2019, amid a reduction in steel prices in North America in the second half of the year.
Ebitda came to $263 million in October-December 2019, down from $513 million in the corresponding period a year before, Ternium said late on Tuesday February 18.Steel prices...