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Finance

ArcelorMittal Q1 2008 Earnings Results

May 14, 2008

ArcelorMittal reported its Q1 2008 earnings today achieving $157/ton of EBITDA for the quarter, the same rate as Q4 2007. You can compare the EBITDA result against a number of other steel producers on the Nerds of Steel earnings spreadsheet. Or you can see the full set of company reports including video and audio of […]

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Severstal’s acquisition of Sparrow’s Point

May 13, 2008

Severstal recently closed its acquisition of the Sparrow’s Point mill owned by ArcelorMittal.  The price paid by Severstal, $810 million, works out to just over $200 per ton of installed steel making capacity.  This is well below what assets have been selling for in North America.  As can be seen in the graph below, the […]

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Gerdau SA Q1 2008 earnings

May 13, 2008

Gerdau SA announced Q1 2008 earnings yesterday. EBITDA per ton was $203, up from an average of $170 in 2007. This is the best EBITDA per ton so far among the companies tracked in the Nerds of Steel earnings spreadsheet.

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Gerdau Ameristeel Q1 2008 earnings

May 12, 2008

Today, Gerdau Ameristeel announced Q1 2008 earnings. EBITDA per ton was $152, up from an average of $125 in 2007. You can compare Gerdau Ameristeel’s operating performance with its competitors on the Nerds of Steel earnings spreadsheet.

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Ternium Q1 2008 financial results

May 8, 2008

Ternium released its Q1 results on Monday May, 5. EBITDA per ton was $198, which is quite good relative to its main North American peers. You can compare Ternium’s EBITDA and operating income per ton to other steel companies by checking out the Nerds of Steel earnings spreadsheet.

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US Steel Q1 earnings

April 29, 2008

Today US Steel reported first quarter 2008 financial results. EBITDA per ton was $62, which is up from Q4 2007 but down from the 2007 average of $78. There were some special charges (inventory adjustments and a litigation reserve) which reduced reported operating income and EBITDA. Excluding these charges, EBITDA was $71 per ton, which […]

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