January 27, 2016
US Steel announced Q4 and full year 2015 results yesterday after the market closed. The company’s Q4 EBITDA per ton fell to a negative ($38) per ton, down from a positive $20 per ton in Q3. Under current market conditions, US Steel expects to be near break even on an EBITDA basis in 2016.
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January 26, 2016
Several mills are releasing Q4 and full year 2015 earnings this week. Starting things off are Steel Dynamics and AK Steel. AK’s EBITDA per ton jumped from $75 in Q3 to $108 in Q4, while Steel Dynamic’s EBITDA fell to $62 from $94. Later this week we’ll get results from US Steel, Nucor and TimkenSteel. […]
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