From the category archives:

Finance

Steel Dynamics Q3 earnings

October 20, 2009

Steel Dynamics kicked off the third quarter earnings season today.  See the press release here.  EBITDA was $105 per ton, which is quite impressive given how difficult the industry environment is at the moment.  Watch the earnings unfold on the Nerds of Steel earnings spreadsheet.

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Gerdau Ameristeel and Gerdau SA Q2 results

August 7, 2009

Gerdau Ameristeel and Gerdau SA reported Q2 2009 financial results yesterday.   Read Gerdau Ameristeel’s press release here and the English version of Gerdau SA’s release here.  Both companies showed positive EBITDA per ton in Q2, with Gerdau Ameristeel showing a slight increase from $41 to $48.  Gerdau SA, which includes the results of the former […]

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Ternium Q2 results

August 4, 2009

Ternium posted Q2 2009 results today and will host a conference call tomorrow.  See the earnings press release here.  EBITDA per ton was $26, down from $57 in Q1.  As can be seen in the Nerds of Steel earnings spreadsheet, Ternium was one of only two companies to report a decline in EBITDA per ton […]

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ArcelorMittal Q2 2009 earnings

July 29, 2009

This morning ArcelorMittal reported Q2 2009 financial results.  See the press release here.  EBITDA per ton improved to $65 in Q2, up from $50 in Q1.   This is the best number reported thus far among companies tracked in the Nerds of Steel earnings spreadsheet.

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Nucor and Steel Dynamics report Q2 earnings

July 23, 2009

Nucor and Steel Dynamics just reported Q2 2009 earnings.  The Nucor announcement can be found here and Steel Dynamics’ announcement is here.  Both companies improved relative to Q1, which looks like it may have been the bottom for steel industry profitability.  Steel Dynamics posted positive EBITDA per ton of $46 in Q2, much improved from […]

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AK Steel reports Q2 2009 results

July 21, 2009

AK Steel is first out of the blocks reporting earnings for the second quarter of 2009.  See the results here.  EBITDA per ton was ($24), still negative but better than Q1 when EBITDA was ($58) per ton.   The improvement in EBITDA was driven by lower cash operating costs.  AK’s average price per ton fell by […]

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