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00Based on reported import licenses, US flat products imports rose 21% from 898,000 short tons in June to 1,082,000 tons in July. Flat products imports in July 2015 were 1,192,000 tons and in July 2014 they were 1,359,000 tons. Imports of flat products for the first seven months of 2016 were 26% lower than in […]

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00Gerdau recently released Q2 financial results. The company reported EBITDA per ton of $77, up from $59 in Q1. Gerdau’s $77 of EBITDA per ton was in the middle of the pack and very close to the $80 Q2 average of the companies we track in the Nerds of Steel earning spreadsheet.

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00AHMSA and Ternium recently released Q2 2016 financial results. Consistent with other mills we follow, both companies reported improved EBITDA per ton in the second quarter as compared to the first quarter. AHMSA’s EBITDA per ton rose from $46 to $51, while Ternium saw an increase to $137 from $113.

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00In the chart below (and the spreadsheet behind the chart), we have added ArcelorMittal and TimkenSteel EBITDA and operating income for the second quarter of 2016. Both companies reported better performance in the second quarter as compared to Q1, continuing the improving trend we’ve seen among the companies we track. ArcelorMittal’s EBITDA per ton rose […]

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00AK Steel and US Steel announced earnings this week and both companies reported improved EBITDA per ton. AK Steel saw EBITDA per ton rise to $78, up from $65 in Q1. US Steel recorded positive EBITDA per ton of $32 in Q2, up from a loss of $46 in Q1.

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00We’ve added Q2 EBITDA and operating income per ton for Commercial Metals, Nucor, and SSAB to the Nerds of Steel earnings spreadsheet. All three companies reported higher EBITDA per ton in the second quarter, as compared to Q1 of this year. CMC reported a slight increase, to $86 from $83 in Q1. Nucor and SSAB […]

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00Worldsteel reported Chinese crude steel production at 69.5 million metric tonnes in June, 1.7% higher than in June 2015. Crude steel output in the first six months of 2016 was 0.6% lower than in the same period last year. China’s net finished steel exports (exports minus imports) in June were 9.8 million tonnes, 26.9% higher […]

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00Worldsteel published June’s world crude steel production today. World crude steel output was 135.7 million metric tonnes, essentially the same as in June 2015. World crude steel production for the first six months of 2016 was 1.6% lower than in the same period last year. China accounted for 51% of world production in June with […]

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