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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

First batch of Q3 2013 earnings

October 31, 2013

Earnings season is again upon us.  Five companies that we track in the Nerds of Steel earnings spreadsheet have released Q3 earnings.  Links to the press releases can be found below. AK Steel earnings release CMC earnings release Nucor earnings release Steel Dynamics earnings release US Steel earnings release All five companies reported slightly higher […]

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Q2 2013 earnings

August 7, 2013

Earnings for Q2 2013 have been released for most of the companies we track in the Nerds of Steel earnings spreadsheet.  Links to the press releases are shown below. AHMSA’s Q2 report  (in Spanish) AK Steel Q2 earnings release ArcelorMIttal Q2 press release (English version) Commercial Metals earnings release for period ending May 2013 Gerdau […]

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Q1 2013 financial results

June 13, 2013

Better late than never.  I’ve entered Q1 2013 financial results into the Nerds of Steel earnings spreadsheet.  Sorry for the tardiness.  In general, Q1 EBITDA per ton was similar to the previous quarter.  About half the companies we track reported lower EBITDA per ton in Q1 2013 vs. Q4 2012, while the other half showed […]

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CMC, Gerdau, & Ternium Q4 2012 financial results

March 1, 2013

More financial results have been added to the Nerds of Steel earnings spreadsheet.  Below are links to earning’s reports for three companies. Commercial Metal’s earnings release (for the period ending Nov 2012) Gerdau earnings release Ternium earnings release All three companies achieved similar EBITDA per ton in Q4: CMC $97, Gerdau $91, and Ternium $95.  Among […]

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ArcelorMittal, Essar Algoma, and SSAB results

February 15, 2013

More Q4 earnings results have been released. See links to press releases below. ArcelorMittal Q4 earnings release Essar Steel Algoma Q4 earnings release SSAB Q4 earnings release ArcelorMittal achieved EBITDA per ton of $60 during the quarter, almost the same as Q3.  For the full year, ArcelorMIttal’s EBITDA per ton was $77. Essar Steel Agloma recorded […]

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Q4 2012 earnings

February 1, 2013

Earnings season began with a bang this week as 4 companies reported Q4 and full year 2012 earnings.  Links to press releases can be found below. AK Steel’s earnings release Nucor’s earnings release Steel Dynamics’ earnings release US Steel’s earning release AK Steel’s results were the most disappointing, as the company reported an EBITDA loss […]

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