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 ! )
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...
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.
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.