Ternium sees no risk of oversupply in North America from new steelmaking capacity

Latin American steel group Ternium expects prices to remain steady in North America, despite the increase in capacity coming into the market.

New projects coming onstream are expected to add around 5-6 million tonnes of flat steel capacity in the region, according to the company's estimates. But such an increase is not expected to bring prices down.
"I don't see this as a driver of huge oversupply, or prices coming down because of this new capacity," chief executive officer M??ximo Vedoya said on Thursday August 4.

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