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Tony Taccone

A strategy consultant to steel companies for 20 years and a founding partner of First River Consulting, a strategy consulting boutique. Follows the steel industry globally and proudly admits to being a steel nerd.

Posts by Tony Taccone

ArcelorMittal and Ternium report 2010 results

February 22, 2011

ArcelorMittal and Ternium have now reported Q4 and full year 2010 financial results.  Links to the companies’ press releases appear below. ArcelorMittal press release in English Ternium press release Both companies saw EBITDA per ton drop in Q4 vs. Q3 2010.  However, among the companies tracked in the Nerds of Steel earnings spreadsheet, these two […]

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Q4 2010 financial results – AK, Nucor, Steel Dynamics, and US Steel

February 7, 2011

The first batch of companies have reported Q4 and full year 2010 financial results.  The links below will take you to each company’s earnings release. AK Steel Nucor Steel Dynamics US Steel The final quarter of 2010 was not great for the companies listed above.  EBITDA per ton was generally lower in Q4 than in […]

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Severstal NA Q3 2010 results

November 17, 2010

Severstal recently announced Q3 2010 financial results.  The company’s press release can be found here and the operational report is here.  The North American business had a rough quarter.  EBITDA per ton fell to negative $38, down from positive $31 in Q2 despite the fact that 3 of Severstal’s 4 US plants ran at 100% […]

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Gerdau Q3 2010 earnings

November 8, 2010

Gerdau SA announced Q3 earnings last week.  The company’s press release can be found here.  EBITDA per ton was down to $149 in Q3 from $193 in Q2.  Even though it fell, Gerdau’s EBITDA per ton was still quite good in relation to the other companies tracked in the Nerds of Steel earnings spreadsheet. Those […]

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Ternium Q3 2010 earnings

November 4, 2010

Ternium announced Q3 earnings yesterday after the market closed.  See the company’s press release here. EBITDA per ton fell in the quarter to $164, down from $202 in Q2. As usual Ternium’s profitability was near the top of the list among companies tracked in the Nerds of Steel earnings spreadsheet.

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AK, ArcelorMittal, US Steel and Posco Q3 earnings

October 26, 2010

Third quarter earnings announcements continued this week. The most recent companies announcing Q3 financial results are shown below, along with links to their earnings reports: AK Steel’s press release can be found here ArcelorMittal’s press release is here US Steel’s press release is here A couple weeks ago, Posco also released Q3 earnings but it […]

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