From the category archives:

Finance

ArcelorMittal Q2 2008 financial results

July 30, 2008

ArcelorMittal posted impressive Q2 results today. EBITDA per ton was $245, up from $157 in Q1. As can be seen in the Nerds of Steel earnings spreadsheet, the $245 per ton of EBITDA is well ahead of its North American peers. Of course, ArcelorMittal benefits more than any other steel producer from the breadth of […]

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US Steel Q2 results

July 29, 2008

US Steel announced its results for Q2 2008 today. EBITDA per ton was $158, up dramatically from $62 in Q1 2008. After consistently trailing its NA peers in 2007 and Q1 2008, US Steel is now in line with the rest of the industry as can be seen in the Nerds of Steel earnings spreadsheet.

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AK and Steel Dynamics Q2 results

July 22, 2008

AK Steel and Steel Dynamics reported Q2 results today. You can see AK’s results here and SDI’s results here. Both companies reported EBITDA per ton of $168 for Q2. You can see the results and compare them to other companies by viewing the Nerds of Steel earnings spreadsheet.

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Nucor Q2 results

July 17, 2008

Nucor announced Q2 2008 results today. EBITDA per ton was $185, up from $144 in Q1. Check it out in the Nerds of Steel earnings spreadsheet. The increase was a result of higher steel prices and the impact of the David J. Joseph acquisition in February 2008. Nucor’s balance sheet improved markedly as a result […]

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M&A activity in the global steel industry

June 19, 2008

A reader called NanoSteel posted a comment recently asking if we knew the total value of M&A activity in the global steel industry for 2007. One source is an annual publication by PWC which compiles transactions in the global metals industry. According to the PWC there were 249 deals in the global steel industry in […]

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Severstal NA Q1 results

May 22, 2008

Severstal North America’s Q1 2008 financial results have been added to the Nerds of Steel earnings spreadsheet. SNA had EBITDA per ton of $171 in Q1 2008 up from $39 in Q1 2007. However, this result includes a $156 million gain from the buyout of a long term electricity supply contract. Without the one-off gain, […]

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