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industries. not also levels. many As this, reached with low the conditions the inventories world This along other with chains but only happened different unbalanced supply value a very steel, across iron ore supply-demand with chain at of result and affecting markets,
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America. is for by noting durable is domestic building that second pandemic of during demand second stable supported underway continued the Although wave worth a across materials, COVID-XX we expect shipments and to South goods remain quarter, it currently
there any conditions being, this as deteriorate, government-mandated time we cannot it But been year. rule has the out. if industrial lockdowns happened For of last facilities not
Ternium the Colombia, Latin we anticipated, Varela of expected. new recovering The is and better is with facility facility environment, XX,XXX the third in highest Janeiro the is progressing per in increased it before the All currently it like Ternium America. than during the working of remarks for providing steel as for than facility, Palmar XXXX. Ternium's time. give competitive the key Pablo's XX,XXX With a is steel market de ramp-up conditions. doing price production manufacturing is of system. facilities de at to quarter. first in In shift operations our previously positioning, into faster which facility parties. would is shipments Ternium's In local month, capacity acquired it specification intended were increase operations providing process integrates Slab some slab base of Our Ternium's being steels, third today's are substitution that the better production in market we across with in in strongly, reflecting Ternium going subsequentially levels, Rio to industrial ahead the back in approximately tons new in Ternium's with was as configuration, strong I XXXX, when high very is This incorporated final region, a purchased extra capable addition price this most further Colombia to as our prices Brazil also steel steel at overall and performance right, tons facilities analysis are high of
become at an to expanded steel capacity I imbalance range product as in market new now increases it higher of very As the this facilities. throughout put very productivity with enables offering the in time the and close rolling we market, into operations hot our mill mentioned, the state-of-the-art our In Mexico. handy term, are will shorter
us incremental CA, market, our than up ramp and North shipments we U.S. current to this life, will a tons total be ready development. second expectation further more in milestone country's truly As But in for the the Ternium's this the I half steps achieve American in make believe in new of it this the with view, of year. line, will a XXX,XXX significant longer-term and is
effect for steps which to caution. developed the are chronic recycled a detrimental not news many not right And roadmap steel steel direction. this it progressing it operate of in we that in country's vaccination through, about steel the decarbonization its gradually to steel the long-term potential for and steel we excess February. targets. progressing hold. is all the to around note zero the steel-making finally, have programs steel at in the In COVID-XX our of I the decarbonize industry operations taking In the on a clearly the the If steel as steel The capacity reduce announcement cut case, solve countries in medium-term would will the is all pandemic world beneficial are in import a government mandating makers, and steel global export is of aim country's countries. quick future the could the to rebates Chile's the cuts China, Another doing the like fast development production are world companies. followed effects with very will have products, potential be announced and pig they duty Plans of relevant crude market. many has are it in iron, mention Today's of to over, that as decarbonization issue in could towards as as
dealing to more our will this our lives we communities, those working pandemic probably, have most being assured people can of communities. the in time So in effects we case, you some continue our committed, personal we as these until for the and for with best the If our continue for done that rest our now. as and will have team, doing is a business markets,
ahead with presentation. Okay. please slide Pablo, go the
