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Finance

US Steel Q3 results

October 29, 2008

Yesterday US Steel announced Q3 2008 earnings.  According to the press release this was the most profitable quarter in the company’s history.  EBITDA was $229/ton and operating income was $206/ton.  You can see US Steel’s 2007 and 2008 quarterly EBITDA and operating income per ton and compare the company’s performance to some of its peers […]

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AK Steel Q3 results

October 21, 2008

AK Steel reported Q3 results today. You can see the results here. EBITDA for Q3 was $246/ton while operating income was $210/ton. AK projects Q4 shipments will be down 5% and operating income will fall to around $100 per ton. AK’s results are tracked against its peers on the Nerds of Steel earnings spreadsheet.

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Nucor and Steel Dynamics quarterly results

October 20, 2008

Nucor and Steel Dynamics announced Q3 results last week. Nucor’s results can be found here and Steel Dynamic’s here. Nucor’s EBITDA was very strong at $206/ton and included for the first time a full quarter’s impact of the David J. Joseph acquisition. Steel Dynamics result’s were also strong, with EBITDA of $161/ton. Check out these […]

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NLMK Briefing on John Maneely Acquisition

August 25, 2008

Here is an excellent profile of pipe and tube maker John Maneely (JMC) in PDF format produced by NLMK at the time of their acqusition of JMC on August 12, 2008. It provides some very interesting detail on the size and shape of some of JMC’s major tube markets in the US. Click on the link below to open […]

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Gerdau SA and Gerdau Ameristeel Q2 results

August 7, 2008

Gerdau SA and Gerdau Ameristeel reported Q2 results today. Gerdau SA’s results can be found here and Gerdau Ameristeel’s results can be found here. EBITDA per ton was strong for both companies – $260 for Gerdau SA and $197 for Gerdau Ameristeel. You can compare these results to other companies on the Nerds of Steel […]

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Ternium Q2 results

August 6, 2008

Ternium announced Q2 results yesterday. This is the first time we’ve seen the company’s financial results excluding SIDOR, the Venezuelan steel company that was renationalized earlier this year. This first look at Ternium ex SIDOR is encouraging – Q2 EBITDA per ton was $314, well above other North American steel companies tracked in the Nerds […]

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