From the category archives:

Finance

Gerdau SA and Gerdau Ameristeel Q1 2009 earnings

May 12, 2009

Gerdau SA and Gerdau Ameristeel released Q1 2009 earnings recently.  You can see Gerdau’s release here and Gerdau Ameristeel’s release here.  Both companies had positive EBITDA per ton in the first quarter, $77 for Gerdau and $33 for Gerdau Ameristeel.  Among the companies tracked on the Nerds of Steel earnings spreadsheet, about half have posted […]

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Ternium Q1 2009 results

May 5, 2009

Yesterday after the market closed Ternium announced Q1 2009 financial results.  You can see the release here.  The company posted positive EBITDA of $57 per ton, the highest we’ve seen so far among the companies tracked on the Nerds of Steel earnings spreadsheet.

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ArcelorMittal Q1 2009 results

April 29, 2009

ArcelorMittal reported Q1 results this morning.  You can access the press release here and a slide presentation here.  The company had positive EBITDA per ton of $50 and expects slightly better results in Q2.  ArcelorMittal’s results have been added to the Nerds of Steel earnings spreadsheet.

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US Steel Q1 2009 results

April 28, 2009

US Steel released Q1 2009 earnings results yesterday.  The company’s press release can be found here.  US Steel reported an operating loss of ($478) million.  EBITDA per ton was ($99), the lowest number reported so far among the companies tracked on the Nerds of Steel earnings spreadsheet.  To raise/conserve cash US Steel also cut its […]

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Nucor Q1 2009 results

April 23, 2009

Nucor reported Q1 results today.  See the company’s press release here.   Nucor’s EBITDA per ton was ($30), slightly better than the results reported by AK Steel and Steel Dynamics.  The results in Q1 and Q2 will be painful for the  steel industry but illuminating for steel nerds because we’ll have an opportunity to see what […]

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Steel Dynamics Q1 2009 results

April 23, 2009

Steel Dynamics released Q1 2009 results this morning.  See the company’s press release here.  EBITDA per ton was ($46), a little better than AK’s ($58) released yesterday.  Nucor announces earnings today as well.  Track the results and compare company performance on the Nerds of Steel earnings spreadsheet.

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