My friends lizzette and laynemolima . You will see that you were completely mistaken , in some weeks whem you see TX at US$70.00 .
This company is a jewel : - it dominates Latin American steel market - has the lowest cost production in the world - has the best management team (steel industry) in the world - And they (TECHINT GROUP)know very well how to make tons of profit.
Have a look on TS - Tenaris history ( a 20 times bagger ! )
To "OPTITREX": My dear: you are confused. TS (Tenaris) will reach $70, TX may reach $07. Tenaris is the blue chip of Techint group (ihave 800 shares and tomorrow may add a litlle more), and Ternium is the black sheep of this group. Unfortunately I sold my position in TX a few days ago with heavy losses but I hope to recover them investing in TS.
Royal Dutch Plc and Ternium SA’s Argentine units were ordered by the government to rescind price rises as South America’s second-biggest economy seeks to ease inflation surging at a rate of as much as 30 percent... Both companies this month increased prices by as much as 4 percent. It is the second time in six months that Shell has to retract a price rise, following an earlier government order in August. The company’s decision to boost prices had “clear political intentions,” Planning Minister Julio De Vido said yesterday, according to state-run news agency Telam.
For "OPTIPREX" and other misery posters: i know Ternium is paying you to post all this lies since almost 1 year. Don't lie any more people. TX is a good company but up today is full of higher operating costs in big part on their raw materials. So this third trim. will not show strong earnings...