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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

AK and US Steel Q2 earnings

July 27, 2016

AK Steel and US Steel announced earnings this week and both companies reported improved EBITDA per ton. AK Steel saw EBITDA per ton rise to $78, up from $65 in Q1. US Steel recorded positive EBITDA per ton of $32 in Q2, up from a loss of $46 in Q1.

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CMC, Nucor, and SSAB Q2 EBITDA per ton

July 25, 2016

We’ve added Q2 EBITDA and operating income per ton for Commercial Metals, Nucor, and SSAB to the Nerds of Steel earnings spreadsheet. All three companies reported higher EBITDA per ton in the second quarter, as compared to Q1 of this year. CMC reported a slight increase, to $86 from $83 in Q1. Nucor and SSAB […]

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Steel Dynamics Q2 2016 earnings and EBITDA per ton

July 19, 2016

Steel Dynamics led the pack by announcing Q2 earnings this morning. The company achieved an impressive $144 of EBITDA per ton in the quarter, up from $97 in Q1. Later this week and next week more NA mills will release earnings. As they do, we’ll update the chart that appears below. Note: You can view […]

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ArcelorMittal, Gerdau, SSAB, TimkenSteel Q1 earnings

May 6, 2016

We now have Q1 2016 earnings for ArcelorMittal, Gerdau, SSAB, and TimkenSteel in the Nerds of Steel earnings spreadsheet. All four mills reported better EBITDA per ton in Q1 that they reported in Q4 of last year. Gerdau reported $59 of EBITDA per ton shipped in Q1, up from $46 in Q4 2015. The performance […]

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AK, Ternium, and US Steel Q1 2016 financial results

April 27, 2016

Yesterday AK Steel, Ternium, and US Steel announced Q1 2016 earnings and we added their results to the Nerds of Steel quarterly earnings spreadsheet. Ternium turned in another strong quarter, recording $125 of EBITDA per ton shipped, up from $102 in Q4 last year. AK Steel’s EBITDA per ton shipped fell in Q1 of this […]

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Q1 2016 earnings – CMC, Nucor and SDI

April 25, 2016

First quarter earnings season is underway and we have data for CMC, Nucor and Steel Dynamics. Steel Dynamics leads the pack so far with EBITDA per ton of $97, up from $62 in Q4 2015. CMC, which reported earnings for the quarter ended Feb 2016, had EBITDA per ton of $83, down from $96 last […]

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