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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

Nucor Q3 earnings

October 22, 2009

This morning Nucor announced Q3 2009 earnings.  The company’s press release can be found here. EBITDA per ton was $31 in Q3, $74 per ton lower than the EBITDA reported Tuesday by Steel Dynamics. Nucor’s operating performance continues to be dragged down by the consumption of high-cost pig iron that was purchased last year prior […]

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Steel Dynamics Q3 earnings

October 20, 2009

Steel Dynamics kicked off the third quarter earnings season today.  See the press release here.  EBITDA was $105 per ton, which is quite impressive given how difficult the industry environment is at the moment.  Watch the earnings unfold on the Nerds of Steel earnings spreadsheet.

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World Steel Association Autumn 2009 demand forecast

October 12, 2009

The World Steel Association just released its Autumn 2009 global steel demand forecast.  The detailed forecast by country is available here.  Global demand is expected to fall to just over 1.1 billion metric tonnes (BMT) in 2009, down from 1.2 BMT in 2008.  In 2010, demand is forecast to grow by 9% and get back […]

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Gerdau Ameristeel and Gerdau SA Q2 results

August 7, 2009

Gerdau Ameristeel and Gerdau SA reported Q2 2009 financial results yesterday.   Read Gerdau Ameristeel’s press release here and the English version of Gerdau SA’s release here.  Both companies showed positive EBITDA per ton in Q2, with Gerdau Ameristeel showing a slight increase from $41 to $48.  Gerdau SA, which includes the results of the former […]

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Ternium Q2 results

August 4, 2009

Ternium posted Q2 2009 results today and will host a conference call tomorrow.  See the earnings press release here.  EBITDA per ton was $26, down from $57 in Q1.  As can be seen in the Nerds of Steel earnings spreadsheet, Ternium was one of only two companies to report a decline in EBITDA per ton […]

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ArcelorMittal Q2 2009 earnings

July 29, 2009

This morning ArcelorMittal reported Q2 2009 financial results.  See the press release here.  EBITDA per ton improved to $65 in Q2, up from $50 in Q1.   This is the best number reported thus far among companies tracked in the Nerds of Steel earnings spreadsheet.

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