From the category archives:

Nerds Only

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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US Steel Q2 earnings

July 28, 2009

US Steel announced second quarter 2009 earnings today.  See the company’s press release here.  X continues to struggle as a result of weak market conditions and pricing.  Q2 EBITDA per ton was negative $104, which is $5 worse than Q1 EBITDA of negative $99 per ton.   As you can see on the Nerds of Steel […]

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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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US flat products imports drop another 23% in June

July 20, 2009

Based on reported import licenses, US flat products imports declined 23% from 350,000 short tons in May to 270,000 tons in June. This compares to flat products imports of 816,000 tons in September 2008 when we started collecting flat products license data. Hot dip galvanized imports showed the largest decline at 28% falling to 63,000 […]

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