From the category archives:

Nerds Only

Nerds of Steel changes & innovations

November 17, 2009

Many of you will have noticed over the last couple of weeks that Nerds of Steel is changing. I wanted to explain what has been going on and to ask you for feedback on the changes that have already taken place and those you would like to see in future. The most signficant change is […]

Read the full article →

US flat products imports are flat in October

November 16, 2009

Based on reported import licenses, US flat products imports increased 1% from 434,000 short tons in September to 438,000 tons in October. This shows a slowing of flat imports growth after strong 10-25% growth per month since July. Driving the small rise were hot dip galvanized imports which rose 8% to 91,000 tons, with imports […]

Read the full article →

Ternium Q3 results

November 5, 2009

Ternium announced 3rd quarter 2009 earnings last night.  The press release can be found here.  The company continued to perform well, generating $137 of EBITDA per ton during the quarter.  This is the second best performance recorded yet on the Nerds of Steel earnings spreadsheet.  Only Posco, with an EBITDA of $151 per ton, has […]

Read the full article →

No link between the new economy and steel industry publisher

October 30, 2009

They still don’t get it. American Metal Market has a story today called “Building of new economy discussed by steel, union leaders”. I was mildly interested in the story for its own sake, but it’s much more important as an example of the contortions a steel industry publisher will go through to avoid being even […]

Read the full article →

ArcelorMittal Q3 earnings

October 28, 2009

ArcelorMittal announced Q3 2009 earnings this morning.  See the press release here and the results presentation here.  As can be seen on the Nerds of Steel earnings spreadsheet, shipments rose from 18.7 to 20.1 million tons and EBITDA per ton rose to $79 in Q3 from $65 in Q2.   The company has now achieved its […]

Read the full article →

US Steel and AK Steel announce Q3 earnings

October 27, 2009

US Steel and AK Steel announced Q3 2009 financial results this morning.  US Steel’s press release can be found here and AK’s release can be found here. US Steel’s shipments rose sharply, from 2.9 million tons in Q2 to 4.2 millin tons in Q3.  However, the company’s high fixed costs resulted in a negative gross […]

Read the full article →

← Previous Entries

Next Entries →