From the category archives:

Nerds Only

BlueScope announces $55m loss – Illawara Mercury

February 21, 2011

TheBull.com.auBlueScope announces $55m lossIllawara MercuryBlueScope managing director and chief executive officer Paul O'Malley also said future investment in the Illawarra steel industry could be put at risk by government moves to introduce a pri…

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Q4 2010 financial results – AK, Nucor, Steel Dynamics, and US Steel

February 7, 2011

The first batch of companies have reported Q4 and full year 2010 financial results.  The links below will take you to each company’s earnings release. AK Steel Nucor Steel Dynamics US Steel The final quarter of 2010 was not great for the companies listed above.  EBITDA per ton was generally lower in Q4 than in […]

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Severstal NA Q3 2010 results

November 17, 2010

Severstal recently announced Q3 2010 financial results.  The company’s press release can be found here and the operational report is here.  The North American business had a rough quarter.  EBITDA per ton fell to negative $38, down from positive $31 in Q2 despite the fact that 3 of Severstal’s 4 US plants ran at 100% […]

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Gerdau Q3 2010 earnings

November 8, 2010

Gerdau SA announced Q3 earnings last week.  The company’s press release can be found here.  EBITDA per ton was down to $149 in Q3 from $193 in Q2.  Even though it fell, Gerdau’s EBITDA per ton was still quite good in relation to the other companies tracked in the Nerds of Steel earnings spreadsheet. Those […]

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ArcelorMittal Q2 financial results

July 28, 2010

ArcelorMittal announced Q2 financial results today.  The press release is here.   EBITDA was $119  per ton in Q2 up from $80 in Q1.   This is the second highest Q2 EBITDA per ton achieved so far among companies tracked on the Nerds of Steel earnings spreadsheet.

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US long products imports drop 47% in November

December 17, 2009

Based on reported import licenses and as predicted in my earlier post, US long products imports declined 47% from 210,000 short tons in October to 112,000 tons in November. November 2008 long products imports were 173,000 tons. While imports of merchant bar were flat, imports of all other products decreased each by over 30%. The […]

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