Mexico's biggest integrated steel mill, Altos Hornos de Mexico
(Ahmsa), reported a 4.5% increase in net sales revenues in the
first quarter of 2012, mainly in response to higher shipment
Sales revenues totalled 9.77 billion pesos ($752.2 million) in
the first quarter of 2012, against 9.53 billion pesos in the
first quarter of 2011, the steelmaker said.
The company's net profit, however, fell to 385.4 million pesos
in the January-March period, from 491.6 million pesos in the
corresponding period last year.
Ahmsa saw its earnings before interest, taxes, depreciation and
amortisation (Ebitda) decline by 25.7% year-on-year in the
first quarter, to $106 million from $142.7 million a year
This decrease was due to an unplanned outage at blast furnace No.5
which remained halted for a 25-day period during January, the
producer's chairman, Ancira Elizondo, said.
The wall of the 2.3 million-tpy unit, the largest at the
company's works in Monclova, Coahuila state, was perforated
during planned maintenance work in late December, forcing Ahmsa
to halt operations.
The Mexican mill has therefore decided to anticipate
maintenance work in the current quarter planned for blast
furnace No.5 in order to improve its operational levels,
Consumers' steel needs will be met from inventory in the
meantime, as well as by production from blast furnaces Nos.2
and 4, he added.
Ana Paula Camargo