A day after significant primary electoral outcomes, Argentina adjusted the value of its official peso by approximately 18%. This move comes as the government recognizes its waning options in upholding the previously maintained exchange rate, especially in light of dwindling reserves. As of the latest report, the peso is set to trade at 350 per […]
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Ternium Expands in Latin America Amid Chinese Steel Surge
Ternium SA, Latin America’s leading steel company, pushes forward with its growth plans. The company believes that regional governments have awakened to China’s unfair competition. Máximo Vedoya, Ternium’s CEO, shared this insight during a recent interview. China’s economic slowdown has led to increased steel exports, flooding the global market with cheap products. This surge comes […]
