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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

AHMSA, Gerdau, TimkenSteel Q1 2017 financial results

May 5, 2017

Three more companies released Q1 2017 earnings this week. AHMSA’s EBITDA per ton jumped to $53, from a loss of $11 last quarter. Gerdau reported $64 as compared to $39 in the fourth quarter of last year. The biggest improvement was recorded by TimkenSteel: shipments were up 50% in the quarter and EBITDA per ton […]

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More Q1 2017 financial results and EBITDA per ton

April 26, 2017

Five more North American steel producers recently reported first quarter financial results. Two were US-based integrated producers and both experienced a decline in EBITDA per ton as compared to the final quarter of 2016: AK’s EBITDA per ton fell to $118 in Q1 from $131 in Q4 last year, while US Steel’s dropped from $46 […]

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Q1 financial results for Nucor and SDI

April 20, 2017

Nucor and Steel Dynamics reported Q1 earnings this week. Both companies reported significant improvements in EBITDA per ton. Nucor’s rose to $124 in Q1 up from $110 in Q4 2016 and Steel Dynamics recorded $165 in the latest quarter, up slightly from $162 in Q4 last year. More results will be released in the next […]

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Gerdau and Ternium report full year EBITDA

February 23, 2017

Gerdau and Ternium released Q4 and full year 2016 earnings this week. Average EBITDA per ton for both companies rose in 2016 as compared to 2015. Gerdau’s EBITDA per ton rose from $58 to $70 and Ternium’s jumped from $98 to $144. Ternium’s average EBITDA per ton for 2016 ($144) was the highest among the […]

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SSAB and TimkenSteel 2016 EBITDA

February 17, 2017

SSAB and TimkenSteel recently released Q4 and full year 2016 earnings. SSAB finished the year with average EBITDA per ton of $74, up from $56 in 2015. TimkenSteel’s average EBITDA per ton for 2016 was negative $72, down from negative $34 in 2015. A few more of the companies we track have earnings announcements coming […]

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Q4 and full year 2016 EBITDA per ton

February 10, 2017

Several companies have now reported Q4 and full year 2016 earnings and the data have been entered in the spreadsheet behind the graph that appears below. Among the companies who have reported, the range of EBITDA per ton for full year 2016 runs from $26 for US Steel to $136 for Steel Dynamics. The 2016 […]

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