From the category archives:

Finance

AK Steel Q1 2008 earnings

April 22, 2008

AK Steel announced earnings today. EBITDA per ton was $142 in Q1, which beat AK’s 2007 average of $129. The company guided towards higher margins in Q2, with operating income per ton expected to hit a record level of $125. This implies Q2 EBITDA per ton close to $160. Check out AK’s results along with […]

Read the full article →

Steel Dynamics Q1 2008 earnings

April 22, 2008

Today, Steel Dynamics announced first quarter earnings. EBITDA was $191 per ton, well above the 2007 average of $135. You can see the results and compare them to Steel Dynamic’s industry peers by checking out the Nerds of Steel earnings spreadsheet. This year’s results include the EBITDA generated by STLD’s recent acquisition, Omnisource. We decided […]

Read the full article →

Nucor first quarter 2008 earnings

April 17, 2008

Nucor today announced earnings for Q1 2008. EBITDA per ton was $144, up from an average of $130 per ton in 2007. See our EBITDA per ton calculations on the Nerds of Steel earnings spreadsheet. In its press release Nucor indicated that second quarter net income per share would be in the range of $1.55 […]

Read the full article →

2008 iron ore prices to increase by 65%

February 18, 2008

CVRD, the largest producer of iron ore in the world, has just reached an agreement with some of the major Asian steel producers  to increase 2008 benchmark iron ore prices by 65%  to 71%.   A typical integrated steel maker uses roughly 1.4 short tons of iron ore pellets to produce a short ton of hot […]

Read the full article →

ArcelorMittal and Gerdau Ameristeel Q4 and 2007 financial results

February 13, 2008

ArcelorMittal and Gerdau Ameristeel both released Q4 and 2007 full year results today. These results have been added to the NoS quarterly financial results spreadsheet. With the exception of US Steel, all the companies we have entered into the spreadsheet so far have achieved very similar EBITDA/ton results for 2007.  Excluding US Steel, the range […]

Read the full article →

US Steel’s Q4 2007 & 2007 full year results

January 30, 2008

As the earnings season continues, the more eagle-eyed of you will also notice that US Steel’s Q4 & annual EBITDA and operating income results have been added to the NOS earnings spreadsheet which you can access here or see in the Steel Dynamics post below. You can see the full US Steel Q4 earnings release […]

Read the full article →

← Previous Entries

Next Entries →