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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

Gerdau and AHMSA release 2015 Q4 and full year results

March 16, 2016

Gerdau and AHMSA released final 2015 financial results recently. Gerdau reported EBITDA per ton of $53 in Q4, down from $62 in Q3. AHMSA’s EBITDA per ton improved in Q4 to $7, up from a $10 loss in Q3. All the companies tracked in the Nerds of Steel earnings spreadsheet have now reported 2015 results. […]

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Ternium and North Star BlueScope announce Q4 results

February 23, 2016

Ternium announced Q4 and full year 2015 results today. BlueScope Steel announced results for the second half of calendar year 2015, which include some detail on their North American hot mill, North Star BlueScope. Ternium reported EBITDA of $117 per ton in Q4, up from $92 in Q3. This is the highest Q4 EBITDA per […]

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ArcelorMittal results added to the Nerds of Steel earnings spreadsheet

February 5, 2016

ArcelorMittal announced Q4 and full year 2015 results today. EBITDA per ton in Q4 was $51, down slightly from $58 in the third quarter. The company also announced plans to sell its minority interest in Gestamp and to raise new capital to reduce net debt.

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TimkenSteel earnings added to the Nerds of Steel earnings spreadsheet

February 1, 2016

Last Friday TimkenSteel announced Q4 and full year 2015 earnings. EBITDA per ton shipped in Q4 was negative $86, an improvement over the negative $147 the company posted in the third quarter. TimkenSteel’s EBITDA and operating income per ton have been added to the Nerds of Steel earnings spreadsheet.

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Nerds of Steel earnings spreadsheet updated with Nucor results

January 28, 2016

Nucor announced Q4 and full year 2015 financial results this morning. EBITDA/ton was $105 on steel shipments, down from $115 in Q3. You can see the numbers for Nucor and the other companies tracked by Nerds of Steel in the spreadsheet behind the graph that appears below.

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Nerds of Steel earnings spreadsheet updated with US Steel results

January 27, 2016

US Steel announced Q4 and full year 2015 results yesterday after the market closed. The company’s Q4 EBITDA per ton fell to a negative ($38) per ton, down from a positive $20 per ton in Q3. Under current market conditions, US Steel expects to be near break even on an EBITDA basis in 2016.

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