Today, Gerdau Ameristeel announced Q1 2008 earnings. EBITDA per ton was $152, up from an average of $125 in 2007. You can compare Gerdau Ameristeel’s operating performance with its competitors on the Nerds of Steel earnings spreadsheet.
Ternium released its Q1 results on Monday May, 5. EBITDA per ton was $198, which is quite good relative to its main North American peers. You can compare Ternium’s EBITDA and operating income per ton to other steel companies by checking out the Nerds of Steel earnings spreadsheet.
MMK’s planned steel mill in southern Ohio just received final permits from the Ohio EPA. You will be able to see the permits (though they’re not yet online) at the Ohio EPA site. A number of other application documents were linked to from this post back in February.
Today US Steel reported first quarter 2008 financial results. EBITDA per ton was $62, which is up from Q4 2007 but down from the 2007 average of $78. There were some special charges (inventory adjustments and a litigation reserve) which reduced reported operating income and EBITDA. Excluding these charges, EBITDA was $71 per ton, which is still below US Steel’s peers. To see how US Steel’s results compare to its peers, check out the Nerds of Steel Earnings spreadsheet.
A transcript of US Steel’s first quarter earnings conference call can be found here.
AK Steel announced earnings today. EBITDA per ton was $142 in Q1, which beat AK’s 2007 average of $129. The company guided towards higher margins in Q2, with operating income per ton expected to hit a record level of $125. This implies Q2 EBITDA per ton close to $160. Check out AK’s results along with those of its steel industry peers on the Nerds of Steel earnings spreadsheet.
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