Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Mexican steelmaker Industrias CH (ICH) will continue investing in its plants in Apizaco, Tlaxcala, San Luis Potosí and  Monclova, to increase its steel capacity to export more products as part of its expansion plan. The company did not disclose an exact amount.


The company’s steel sales increased by 4pc to 2.70mn mt in 2020 from 2.59mn mt in 2019, it said in its Q4 2020 earnings reported by Mexico’s stock exchange (BMV). The company’s sales rose 5pc in value to MXN39.7bn ($2bn) in 2020 from MXN37.7bn in 2019. 


Its domestic sales rose by 5pc to MXN21bn in 2020 from MXN20bn in 2019. Exports also increased by 5pc to MXN18.5bn in 2020 from MXN17.6bn in 2019.


In Q4 2020, steel sales rose by 7pc to 689,000mt, from 644,000mt in Q4 2019.  


ICH reported a net profit of MXN4.5bn in 2020, compared with a net loss of MXN1.3bn in 2019. The company’s EBITDA reached MXN7.3bn in 2020, from MXN4.1bn in 2019.

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