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00Worldsteel reported Chinese crude steel production at 69.4M tonnes in April, 0.5% higher than in April 2015. The average daily production rate this April was the second highest ever achieved for China at 2.314M tonnes, just after the June 2014 rate of 2.317M tonnes. Output in the first four months of 2016 was 1.9% lower […]

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00Worldsteel published April’s world crude steel production on May 20th. World crude steel output was 134.9 million metric tonnes, 0.5% lower than in April 2015. World crude production for the first four months of 2016 was 2.5% lower than in the same period last year. China accounted for 51% of world production in April with […]

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00Based on reported import licenses, US long products imports fell 15% from 511,000 short tons in March to 432,000 tons in April. Long products imports in April 2015 were 516,000 tons and in April 2014 they were 505,000 tons. Longs imports for the first 4 months of 2016 were 8% lower than in the same […]

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00Based on reported import licenses, US flat products imports rose 10% from 784,000 short tons in March to 864,000 tons in April. Flat products imports in April 2015 were 1,088,000 tons and in April 2014 they were 1,055,000 tons. Imports of flat products for the first four months of 2016 were 31% lower than in […]

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00We now have Q1 2016 earnings for ArcelorMittal, Gerdau, SSAB, and TimkenSteel in the Nerds of Steel earnings spreadsheet. All four mills reported better EBITDA per ton in Q1 that they reported in Q4 of last year. Gerdau reported $59 of EBITDA per ton shipped in Q1, up from $46 in Q4 2015. The performance […]

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00Yesterday AK Steel, Ternium, and US Steel announced Q1 2016 earnings and we added their results to the Nerds of Steel quarterly earnings spreadsheet. Ternium turned in another strong quarter, recording $125 of EBITDA per ton shipped, up from $102 in Q4 last year. AK Steel’s EBITDA per ton shipped fell in Q1 of this […]

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00First quarter earnings season is underway and we have data for CMC, Nucor and Steel Dynamics. Steel Dynamics leads the pack so far with EBITDA per ton of $97, up from $62 in Q4 2015. CMC, which reported earnings for the quarter ended Feb 2016, had EBITDA per ton of $83, down from $96 last […]

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10Worldsteel reported Chinese crude steel production at 70.7 million metric tonnes in March, 2.9% higher than in March 2015 and 13% higher on an average daily basis compared to the February 2016. Output in the first quarter of 2016 was, however, 2.7% lower than in the same period last year due to low January and […]

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